4Sellers

1

Paragraph 3 of Schedule 6 to the 2008 Act (specified factors of sellers) is amended as follows.

2

After sub-paragraph (3)(d) insert—

e

the number of a seller’s full-time equivalent employees.

3

After sub-paragraph (4) insert—

5

For the purposes of sub-paragraph (3)(e), the number of a seller’s full-time equivalent employees is calculated as follows—

  • Step 1

    Find the number for full-time employees of the seller.

  • Step 2

    Add, for each employee of the seller who is not a full-time employee, such fraction as is just and reasonable.

    The result is the number of full-time equivalent employees.