- Latest available (Revised)
- Original (As made)
There are outstanding changes not yet made by the legislation.gov.uk editorial team to The Single Source Contract Regulations 2014. Any changes that have already been made by the team appear in the content and are referenced with annotations.
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
Whole provisions yet to be inserted into this Instrument (including any effects on those provisions):
32.—(1) In this Part, “QBU” (qualifying business unit) means—
(a)a unit to which paragraph (3) applies in respect of a relevant period;
(b)an undertaking to which paragraph (4) applies in respect of a relevant period; or
(c)a group of undertakings to which paragraph (5) applies in respect of a relevant period.
(2) A period is relevant if it ends on a day falling within the relevant financial year.
(3) This paragraph applies to a unit in respect of any period if—
(a)the unit carries on any activities for the purposes of an undertaking which is, or is associated with, the designated person;
(b)separate financial accounting statements are produced in respect of it for that period;
(c)in that period it provides anything for the purposes of any qualifying defence contract or qualifying sub-contract to which the designated person, or any person associated with the designated person, is party; and
(d)the total value of what it provides for those purposes in that period is at least £10,000,000.
(4) This paragraph applies to an undertaking in respect of any period if—
(a)no unit is a QBU in respect of that period by virtue of carrying on activities for the purposes of that undertaking;
(b)the undertaking is, or is associated with, the designated person;
(c)financial accounting statements are produced in respect of it for that period;
(d)in that period it provides anything for the purposes of any qualifying defence contract or qualifying sub-contract to which the designated person, or any person associated with the designated person, is party; and
(e)the total value of what it provides for those purposes in that period is at least £10,000,000.
(5) This paragraph applies to a group of undertakings in respect of any period if—
(a)no unit is a QBU in respect of that period by virtue of carrying on activities for the purposes of any of those undertakings;
(b)none of those undertakings is a QBU in respect of that period;
(c)each of those undertakings either is, or is associated with, the designated person;
(d)a single set of financial accounting statements is produced in respect of the group for that period, separate from those of the parent undertakings of any of those undertakings;
(e)in that period the group provides anything for the purposes of any qualifying defence contract or qualifying sub-contract to which the designated person, or any person associated with the designated person, is party; and
(f)the total value of what the group provides for those purposes in that period is at least £10,000,000.
(6) In this Part—
(a)“defence contract” means—
(i)any contract to which the Secretary of State for Defence is party; or
(ii)any contract entered into for the purpose of enabling a contract within paragraph (i), or this paragraph, to be fulfilled;
(b)“the designated person” means—
(i)where the person mentioned in regulation 31(1) (“P”) is associated with one or more other persons, the ultimate parent undertaking in relation to P and those other persons,
(ii)otherwise, P,
and section 25(9) (definition of “ultimate parent undertaking”) applies for the purposes of this sub-paragraph as it applies for the purposes of section 25(3);
(c)“direct costs” means costs which have not been calculated using a cost recovery rate;
(d)“pricing QBU” means a QBU in relation to which a cost recovery rate has been used for determining the price payable under any contract mentioned in paragraph (3)(c), (4)(d) or (5)(e), as the case may be;
(e)“the relevant accounting period”, in relation to a QBU, means the period in respect of which paragraph (3), (4) or (5) applies to the QBU.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Impact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand:
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: