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1.—(1) This Order may be cited as the Enterprise Act 2002 (Turnover Test) (Amendment) Order 2018.
(2) This Order comes into force immediately after the commencement of the Enterprise Act 2002 (Share of Supply Test) (Amendment) Order 2018(1).
2.—(1) Section 23 of the Enterprise Act 2002(2) is amended as follows.
(2) In subsection (1)(b), after “exceeds” insert—
“(i)£1 million, if in the course of the enterprises ceasing to be distinct, a person or group of persons has brought a relevant enterprise (see section 23A) under the ownership or control of the person or group; or
(ii)£70 million, in any other case.”.
3. The amendments made by article 2 apply only in relation to cases where enterprises cease to be distinct after the commencement of this Order.
Richard Harrington
Parliamentary Under Secretary of State for Business and Industry
Department for Business, Energy and Industrial Strategy
14th May 2018
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