Finance (No. 2) Act 2023

62 Modified “small production premises” test

(1) This section (instead of section 56) applies in relation to a post-merger production group in a merger transition year.

(2) Post-merger production group premises are “small production premises” in the current year in relation to alcoholic products if—

(a) the adjusted post-merger amount, determined in accordance with section 64 does not exceed the small production limit (within the meaning of section 56(4)), and

(b) in relation to each set of post-merger production group premises, less than half of the alcohol production amount (if any), in relation to those premises, for the previous year was contained in alcoholic products produced under licence.