{
  "url": "https://openlegislation.uk/finance-act-2020/section-46",
  "json_url": "https://openlegislation.uk/finance-act-2020/section-46.json",
  "legislation": "ukpga/2020/14",
  "legislation_title": "Finance Act 2020",
  "legislation_url": "https://openlegislation.uk/finance-act-2020",
  "path": "section/46",
  "kind": "section",
  "number": "46",
  "heading": "Meaning of “the threshold conditions”",
  "text": "(1) For the purposes of this Part “the threshold conditions”, in relation to a group, for an accounting period are—\n(a) that the total amount of digital services revenues arising in that period to members of the group exceeds £500 million, and\n(b) that the total amount of UK digital services revenues arising in that period to members of the group exceeds £25 million.\n(2) But if the duration of the accounting period is less than a year, the amounts mentioned in subsection (1)(a) and (b) are proportionately reduced.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2020/14/section/46",
    "retrieved_at": "2026-10-28T16:59:25.131008+00:00",
    "licence": "OGL-UK-3.0",
    "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
    "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
  }
}