Corporation Tax Act 2009 section 1120B

Enterprise treated as an SME where acquired by an SME

Section 1120B provides that an enterprise which fails to qualify as a small or medium-sized enterprise (SME) only because of an oversized partner or linked enterprise can be treated as an SME for the full accounting period in which it is acquired by an SME.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.