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

When other persons qualify as small for a tax year

Section 60F explains how individuals and other persons who are not companies or undertakings can qualify as "small" for the purposes of the off-payroll working rules in this Chapter.

• This section applies to persons who are not companies, relevant undertakings or other undertakings as defined in the Companies Act 2006
• Such a person qualifies as small for a tax year if their turnover in the previous calendar year does not exceed £10.2 million (the threshold specified in section 382(3) of the Companies Act 2006)
• Turnover means income from the provision of goods or services, after deducting trade discounts, VAT and any other taxes calculated on that income
• The relevant period for measuring turnover is the last complete calendar year before the tax year in question