# Finance Act 2020, Section 46: Meaning of “the threshold conditions”


(1) For the purposes of this Part “the threshold conditions”, in relation to a group, for an accounting period are—
(a) that the total amount of digital services revenues arising in that period to members of the group exceeds £500 million, and
(b) that the total amount of UK digital services revenues arising in that period to members of the group exceeds £25 million.
(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.

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Source: https://www.legislation.gov.uk/ukpga/2020/14/section/46 (the official version)
Page: https://openlegislation.uk/finance-act-2020/section-46
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.