Related Commentary  

257MJ(1)  The social enterprise must meet the trading requirement throughout the shorter applicable period, but this does not apply if the social enterprise is an accredited social impact contractor.

257MJ(2)  The trading requirement is that–

(a)the social enterprise is a charity,

(b)the social enterprise is a single company that is not a charity, and its business–

(i)does not, if things done for incidental purposes are ignored, consist to any extent in the carrying-on of non-trade activities, and

(ii)does not consist wholly, or as to a substantial part, in the carrying-on of excluded activities, or

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