# The Late Payment of Commercial Debts (Interest) Act 1998 (Commencement No. 1) Order 1998, Article 2: Interpretation


(1) In this Order–
(a) “large business purchaser” means a purchaser, not being a United Kingdom public authority, whose business is a large business;
(b) “United Kingdom public authority” means an authority falling within Schedule 1; and
(c) “small business supplier” means a supplier, not being a United Kingdom public authority, whose business is a small business.
(2) For the purposes of this Order, a business is–
(a) a small business, if the number of full-time employees employed in the business is 50 or fewer; or
(b) a large business, if the number of full-time employees employed in the business is more than 50,
when calculated in accordance with Schedule 2.

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Source: https://www.legislation.gov.uk/uksi/1998/2479/article/2 (the official version)
Page: https://openlegislation.uk/late-payment-of-commercial-debts-interest-act-1998-commencement-no-1-order-1998/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.