{
  "url": "https://openlegislation.uk/finance-act-2022/section-55",
  "json_url": "https://openlegislation.uk/finance-act-2022/section-55.json",
  "legislation": "ukpga/2022/3",
  "legislation_title": "Finance Act 2022",
  "legislation_url": "https://openlegislation.uk/finance-act-2022",
  "path": "section/55",
  "kind": "section",
  "number": "55",
  "heading": "UK revenue: amount",
  "text": "(1) A person’s UK revenue—\n(a) is in band A for a financial year if the person’s UK revenue for the relevant accounting period is more than £10.2 million but not more than £36 million;\n(b) is in band B for a financial year if the person’s UK revenue for the relevant accounting period is more than £36 million but not more than £500 million;\n(ba) is in band C for a financial year if the person’s UK revenue for the relevant accounting period is more than £500 million but not more than £1 billion;\n(c) is in band D for a financial year if the person’s UK revenue for the relevant accounting period is more than £1 billion.\n(2) To determine the “relevant accounting period”, see section 56.\n(3) The sums in subsection (1) are to be proportionately adjusted if the relevant accounting period of the person is a period other than 12 months.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 55(1)(a) substituted (for the financial year beginning with April 2026 and subsequent financial years) by Finance Act 2026 (c. 11), s. 113(2)(a)(4)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in s. 55(1)(b) substituted (for the financial year beginning with April 2026 and subsequent financial years) by Finance Act 2026 (c. 11), s. 113(2)(b)(4)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "S. 55(1)(ba) inserted (for the financial year beginning with April 2026 and subsequent financial years) by Finance Act 2026 (c. 11), s. 113(2)(c)(4)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in s. 55(1)(c) substituted (for the financial year beginning with April 2026 and subsequent financial years) by Finance Act 2026 (c. 11), s. 113(2)(d)(4)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2022/3/section/55",
    "retrieved_at": "2026-10-29T08:57:50.927298+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."
  }
}