{
  "url": "https://openlegislation.uk/finance-act-2020/section-57",
  "json_url": "https://openlegislation.uk/finance-act-2020/section-57.json",
  "legislation": "ukpga/2020/14",
  "legislation_title": "Finance Act 2020",
  "legislation_url": "https://openlegislation.uk/finance-act-2020",
  "path": "section/57",
  "kind": "section",
  "number": "57",
  "heading": "Meaning of “group”, “parent” etc",
  "text": "(1) In this Part “group” means—\n(a) any entity which—\n(i) is a relevant entity (see section 58), and\n(ii) meets condition A or B (see subsections (2) and (3)), and\n(b) each subsidiary (if any) of the entity mentioned in paragraph (a).\n(2) Condition A is that the entity—\n(a) is a member of a GAAP group, and\n(b) is not a subsidiary of an entity that—\n(i) is a relevant entity, and\n(ii) itself meets condition A.\n(3) Condition B is that the entity is not a member of a GAAP group.\n(4) In this Part—\n(a) references to the “parent” of a group are to the entity mentioned in subsection (1)(a);\n(b) references to a “member” of a group are to an entity mentioned in subsection (1)(a) or (b);\n(c) “subsidiary” has the meaning given by the applicable accounting standards.\n(5) In this section “GAAP group” means a group within the meaning of the applicable accounting standards.\n(6) For the meaning of “the applicable accounting standards” see section 64.",
  "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/57",
    "retrieved_at": "2026-10-29T09:01:44.314864+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."
  }
}