Amendment of Schedule 1 (Producers)12

1

In Schedule 1–

a

for paragraph 3(a) substitute–

a

that person’s turnover in the last financial year in respect of which audited accounts are available before the relevant date was more than £2,000,000; and

b

for paragraph 4(1)(c) substitute–

c

“relevant date” means–

i

7th April in the obligation year; or

ii

where an application for registration is made in a circumstance set out in regulation 6(3), or as required by paragraph 11 of Schedule 9, the date of the application.