[252B Knowledge-intensive company reaching turnover of £200,000]
Income Tax Act 2007 (2007 c 3) | Legislation

[252B  Knowledge-intensive company reaching turnover of £200,000]

[(1)     This section has effect for the purposes of section 175A(2)(a)(ii) (alternative initial investing period in case of knowledge-intensive company).

(2)     Where—

(a)     the annual turnover of the issuing company in relation to an accounting period (see subsection (3)) is £200,000 or more, and

(b)     the annual turnover for the company in relation to each previous accounting period is less than £200,000,

the company is treated as reaching an annual turnover of £200,000 or more by reference to the specified

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