2018 No. 593
The Enterprise Act 2002 (Turnover Test) (Amendment) Order 2018
Made
Laid before Parliament
Coming into force in accordance with article 1(2)
The Secretary of State makes this Order in exercise of the powers conferred by sections 28(6) and 124(2) of the Enterprise Act 20021.
Citation and commencement1
1
This Order may be cited as the Enterprise Act 2002 (Turnover Test) (Amendment) Order 2018.
2
This Order comes into force immediately after the commencement of the Enterprise Act 2002 (Share of Supply Test) (Amendment) Order 20182.
Amendment of the Enterprise Act 20022
1
Section 23 of the Enterprise Act 20023 is amended as follows.
2
In subsection (1)(b), after “exceeds” insert—
i
£1 million, if in the course of the enterprises ceasing to be distinct, a person or group of persons has brought a relevant enterprise (see section 23A) under the ownership or control of the person or group; or
ii
£70 million, in any other case.
Transitional provision3
The amendments made by article 2 apply only in relation to cases where enterprises cease to be distinct after the commencement of this Order.
(This note is not part of the Order)