{
  "url": "https://openlegislation.uk/indirect-taxes-notifiable-arrangements-regulations-2017/regulation-10",
  "json_url": "https://openlegislation.uk/indirect-taxes-notifiable-arrangements-regulations-2017/regulation-10.json",
  "legislation": "uksi/2017/1216",
  "legislation_title": "The Indirect Taxes (Notifiable Arrangements) Regulations 2017",
  "legislation_url": "https://openlegislation.uk/indirect-taxes-notifiable-arrangements-regulations-2017",
  "path": "regulation/10",
  "kind": "regulation",
  "number": "10",
  "heading": "Small and medium-sized enterprises",
  "text": "(1) In regulation 11, “small or medium-sized enterprise” means a small or medium-sized enterprise as defined in this regulation.\n(2) A small or medium-sized enterprise means a business carried on by a person where in respect of the relevant period—\n(a) fewer than 250 persons were employed in the business; and\n(b) the turnover of the business was less than £50 million.\n(3) Where the relevant period is an accounting period of more or less than 12 months, the amount of the turnover for that period must be increased or decreased proportionately on a time basis, or, if it appears that that method would work unreasonably or unjustly, on a just and reasonable basis.\n(4) Where the person who carries on the business—\n(a) is a body corporate and that body and one or more other bodies corporate are eligible to be treated as members of a group; or\n(b) is associated with another person,\nin paragraph (2)(a) and (b), “the business” includes the business of each body corporate eligible to be treated as a member of the group or of each associated person, as appropriate.\n(5) In this regulation—\n(a) “associated” has the meaning given by paragraph 48 of Schedule 18 to the Finance Act 2016;\n(b) “eligible to be treated as members of a group” has the meaning given by section 43A of the Value Added Tax Act 1994; and\n(c) “relevant period” means—\n(i) the accounting period of the business which applies to the indirect tax in question; or\n(ii) where there is no such accounting period, the period of 12 months,\nwhich ended immediately before the date on which it is reasonable to conclude that the arrangement to which regulation 11 applies commenced.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 10 in force at 1.1.2018, see reg. 1"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "2016 c. 24."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Section 43A was inserted by paragraph 2 of Schedule 2 to the Finance Act 1999 (c. 16). It is amended by S.I. 2009/1890."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2017/1216/regulation/10",
    "retrieved_at": "2026-10-28T23:05:11.938269+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "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."
}