Article 2 Interpretation

(1)

In this Order–

(a)

“small business supplier” means a supplier, not being a body falling within Schedule 1 to the first commencement order or a United Kingdom public authority, whose business is a small business;

(b)

“United Kingdom public authority” means an authority falling within the Schedule;

(c)

“the first commencement order” means the Late Payment of Commercial Debts (Interest) Act 1998 (Commencement No. 1) Order 1998^f1.

(2)

For the purposes of this Order, a business is a small business if the number of full-time employees employed in the business is 50 or fewer when calculated in accordance with Schedule 2 to the first commencement order.

Annotations

Footnotes

f1: S.I. 1998/2479.