Meaning of “large company" and “small or medium-sized enterprise"U.K.
2(1)For the purposes of this Schedule—
(a)“large company” means a company that does not qualify as a small or medium-sized enterprise; and
(b)“small or medium-sized enterprise” means a small or medium-sized enterprise as defined in Commission Recommendation 96/280/EC of 3rd April 1996.
(2)The Treasury may by order amend sub-paragraph (1)(b) so as to substitute another definition of “small or medium-sized enterprise" for the definition that is for the time being effective for the purposes of this Schedule.