Introduction
1.These explanatory notes relate to the Small Business, Enterprise and Employment Act 2015 which received Royal Assent on 26 March 2015. They have been prepared by the Department for Business, Innovation and Skills in conjunction with HM Treasury (HMT), HM Revenue and Customs (HMRC), United Kingdom Export Finance (UKEF), the Cabinet Office (CO), the Department for Education (DfE), the Department for Communities and Local Government (DCLG), the Department for Energy and Climate Change (DECC), the Department of Health (DH), the Government Equalities Office (GEO) and the Insolvency Service (IS) in order to assist the reader in understanding the Act. They do not form part of the Act and have not been endorsed by Parliament.
2.The notes need to be read in conjunction with the Act. They are not, and are not meant to be, a comprehensive description of the Act. So where a section or part of a section does not seem to require any explanation or comment, none is given.