The Late Payment of Commercial Debts (Interest) Act 1998 (Commencement No. 4) Order 2000

Interpretation

2.—(1) In this Order—

(a) “small business supplier” means a supplier, not being a United Kingdom public authority, whose business is a small business;

(b) “small business purchaser” means a purchaser, not being a United Kingdom public authority, whose business is a small business;

(c) “United Kingdom public authority” means an authority falling within Schedule 1 to the first commencement order, the Schedule to the second commencement order or the Schedule to the third commencement order;

(d) “the first commencement order” means the Late Payment of Commercial Debts (Interest) Act 1998 (Commencement No. 1) Order 1998(1);

(e) “the second commencement order” means the Late Payment of Commercial Debts (Interest) Act 1998 (Commencement No. 2) Order 1999(2);

(f) “the third commencement order” means the Late Payment of Commercial Debts (Interest) Act 1998 (Commencement No. 3) Order 2000(3).

(2) For the purposes of this Order, a business is a small business if the number of full-time employees employed in the business is 50 or fewer when calculated in accordance with Schedule 2 to the first commencement order.

(1)

S.I. 1998/2479.

(2)

S.I. 1999/1816.

(3)

S.I. 2000/2225.