SCHEDULES
SCHEDULE 5Enterprise management incentives
Part 3Qualifying companies
The gross assets requirement
12
1
The gross assets requirement in the case of a single company is that the value of the company’s gross assets does not exceed £30 million.
2
The gross assets requirement in the case of a parent company is that the value of the group assets does not exceed £30 million.
3
The “value of the group assets” means the aggregate of the values of the gross assets of each of the members of the group, disregarding any that consist in rights against, or shares in or securities of, another member of the group.