Regulation 23 Large and small producersI1

United Kingdom

In these Regulations—

(a)

a “large producer” means a producer who, in relation to a relevant year—

(i)

satisfies the criteria in regulation 24(1), read together with paragraphs (3) to (7) of that regulation; or

(ii)

is a large producer by virtue of paragraph 2(1) of Schedule 9 (groups of companies);

(b)

a “small producer” means a producer who, in relation to a calendar year—

(i)

satisfies the criteria in regulation 24(2), read together with paragraphs (3) to (7) of that regulation, but is not a large producer; or

(ii)

is a small producer by virtue of paragraph 2(2) of Schedule 9.

Annotations