118(1)In relation to expenditure incurred before 1 August 2008, Part 13 has effect with the omission of the larger SME provisions.U.K.
(2)The “larger SME provisions” are—
sections 1089(4) and 1090 (modification of section 1089 for larger SMEs),
section 1093 (modification of section 1092 for larger SMEs),
section 1104(5) (modification of amount B in section 1104 for larger SMEs),
qualification 1 in section 1120(2) (qualifications to section 1119), and
section 1121 (meaning of “larger SME”).
(3)But for the purpose of determining, in relation to expenditure incurred on or after 1 August 2008, whether a company is a small or medium-sized enterprise within the meaning of Part 13, the larger SME provisions are to be treated as always having had effect.