Section 931S — Corporation Tax Act 2009: Meaning of “small company”

Meaning of “small company” 931S 1 For the purposes of this Part a company is a “small company” in an accounting period if it is in that period a micro or small enterprise, as defined in the Annex to Commission Recommendation 2003/361/ EC of 6 May 2003.

2 But a company is not a “small company” in an accounting period if it is at any time in that period—

a an open-ended investment company, b an authorised unit trust scheme, c an insurance company, or d a friendly society.

3 In subsection (2)— “ open-ended investment company ” has the meaning given by section 236 of FISMA 2000; “ authorised unit trust scheme ” means a unit trust scheme (within the meaning given by section 237 of FISMA 2000) in relation to which a order under section 243 of that Act (authorisation orders) is in force; “ insurance company ” has the meaning given by section 65 of FA 2012 ; “ friendly society ” has the meaning given by section 172 of FA 2012 .