(Former CAA 2001, s. 47)

(In-Depth: ¶237-200)

This concept was relevant for capital allowances purposes up to 31 March or 5 April 2008 (respectively for corporation tax and income tax purposes).

A company or business was a small enterprise if:

it qualified (or was treated as qualifying) as small under the ‘relevant companies legislation’, for the financial year of the company in which the expenditure was incurred; and

it was not a member of a medium or large group (Companies Act 1985, s. 249) at the time the expenditure was incurred.

A company or business was a small or medium-sized enterprise if:

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