- Draft legislation
This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Legal Deposit Libraries (Non-Print Works) Regulations 2013 No. 777
7.—(1) A new business is a business which a person, or a number of persons, (“P”) begins to carry on during the period beginning with the commencement date and ending with 31 March 2014.
(2) But a business is not a new business if—
(a)P has, at any time during the period of 6 months ending immediately before the date on which P begins to carry on the business, carried on another business consisting of the activities of which the business consists (or most of them), or
(b)P carries on the business as a result of a transfer (within the meaning of paragraph (4)).
(3) Paragraph (2)(a) does not apply if the other business referred to in that paragraph was a new business (within the meaning of this regulation).
(4) P carries on a business as a result of a transfer if P begins to carry on the business on another person ceasing to carry on the activities of which it consists (or most of them) in consequence of arrangements involving P and the other person.
(5) For this purpose, P is to be taken to begin to carry on a business on another person ceasing to carry on such activities if—
(a)P begins to carry on the business otherwise than in partnership on such activities ceasing to be carried on by persons in partnership, or
(b)P is a number of persons in partnership who begin to carry on the business on such activities ceasing to be carried on—
(i)by a person, or a number of persons, otherwise than in partnership,
(ii)by persons in partnership who do not consist only of all the persons who constitute P, or
(iii)partly as mentioned in paragraph (i) and partly as mentioned in paragraph (ii).
(6) Paragraph (2)(b) does not apply if the activities referred to in paragraph (4) were, when carried on by the person who is not P referred to in that paragraph, activities of a new business (within the meaning of this regulation).
(7) P is not to be regarded as beginning to carry on a business for the purposes of paragraph (1) if—
(a)before P begins to carry on the business, P is a party to arrangements under which P may (at any time during the period beginning with the commencement date and ending with 31 March 2014) carry on, as part of the business, activities carried on by any other person, and
(b)the business would have been prevented by paragraph (2)(b) from being a new business if—
(i)P had begun to carry on the activities when beginning to carry on the business, and
(ii)the other person had at that time ceased to carry them on.
(8) “Arrangements” includes an agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable).
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Draft Explanatory Memorandum sets out a brief statement of the purpose of a Draft Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Draft Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Impact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: