Determination of small manufacturer or supplier
This section has no associated Explanatory Memorandum
3. The manufacturer or supplier referred to in paragraph 1(b) is a manufacturer or supplier that would be required to make payments under regulation 3 or under a direction given under regulation 4 for a period of one or more of their complete accounting reference periods were it not for the fact that regulation 3(6) or 4(5) applied.
Table 1
Column (1) Length of current accounting reference period | Column (2) Likely net sales income |
---|---|
Twelve months | £5 million |
Less than twelve months | £5 million as proportionately reduced to the number of months in the manufacturer’s or supplier’s accounting reference period |
More than twelve months | £5 million as proportionately increased to the number of months in the manufacturer’s or supplier’s accounting reference period |
Table 2
Column (1) Length of previous accounting reference period | Net sales income |
---|---|
Twelve months | £5 million |
Less than twelve months | £5 million as proportionately reduced to the number of months in the manufacturer’s or supplier’s accounting reference period |
More than twelve months | £5 million as proportionately increased to the number of months in the manufacturer’s or supplier’s accounting reference period |