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

When a relevant undertaking qualifies as small for a tax year

Section 60D extends the rules for determining whether a company qualifies as small (set out in sections 60A to 60C) to certain other types of business undertaking that are not standard registered companies.

• The same size tests used for companies under sections 60A to 60C apply to relevant undertakings, with any necessary modifications
• Relevant undertakings include limited liability partnerships regulated under the Limited Liability Partnerships Act 2000
• Unregistered companies and overseas companies covered by the Companies Act 2006 are also treated as relevant undertakings
• Any terminology used in this section has the same meaning as it does in the Companies Act 2006