Income Tax (Earnings and Pensions) Act 2003 section 60C

When a company qualifies as small for a tax year: subsidiaries

Section 60C prevents a subsidiary company from qualifying as small for a tax year where it belongs to a group whose parent undertaking does not itself qualify as small.

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.