Article 2 Interpretation

(1)

In this Order—

(a)

“small business supplier” means a supplier, not being a United Kingdom public authority, whose business is a small business;

(b)

“a United Kingdom public authority” means an authority falling within Schedule 1 to the first commencement order, the Schedule to the second commencement order or the Schedule to this Order;

(c)

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

(d)

“the second commencement order” means the Late Payment of Commercial Debts (Interest) Act 1998 (Commencement No. 2) Order 1999^f2.

(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.
f2: S.I. 1999/1816.