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The Companies and Limited Liability Partnerships (Accounts and Audit Exemptions and Change of Accounting Framework) Regulations 2012
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- UK Statutory Instruments
- 2012 No. 2301
- Regulation 5
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Small companies: conditions for exemption from audit
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5. In section 479(1) of the 2006 Act (availability of small companies exemption in case of group company)—
(a)in subsection (1), for paragraph (a) substitute—
“(a)the group—
(i)qualifies as a small group in relation to that financial year, and
(ii)was not at any time in that year an ineligible group, or”;
(b)omit subsection (2); and
(c)in subsection (5), omit paragraphs (c), (d) and (e).
(1)
Section 479 was amended by S.I. 2008/393, regulation 5(2).
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