7 Sections 4 to 6: interpretation
Small Business, Enterprise and Employment Act 2015 (2015 c 26) | Legislation

7  Sections 4 to 6: interpretation

(1)     For the purposes of sections 4 to 6, a business is a small or medium sized business if—

(a)     it has an annual turnover of less than £25 million,

(b)     it carries out commercial activities,

(c)     it does not carry out regulated activities as its principal activity, and

(d)     it is not owned or controlled by a public authority.

Regulations under those sections may make further provision for the purposes of determining which businesses they apply to (including provision

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