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The Building Societies Act 1986 (Amendment of Small Business Turnover Limit) Order 2024

United Kingdom · regulation

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In force since 2024-11-04, as the publisher states.

Copy read on 2026-11-10. The page it was read from

Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.

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Contents: 3 provisions
  1. Title and introductory text
  2. 1 Citation, commencement and extent
  3. 2 Amendment of the small business turnover limit

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3 provisions

Title and introductory text

2024 No. 1024 Building Societies The Building Societies Act 1986 (Amendment of Small Business Turnover Limit) Order 2024 Made 10th October 2024 Laid before Parliament 14th October 2024 Coming into force 4th November 2024 The Treasury make this Order in exercise of the power conferred by section 7(12) of the Building Societies Act 1986.

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1 Citation, commencement and extent

(1) This Order may be cited as the Building Societies Act 1986 (Amendment of Small Business Turnover Limit) Order 2024. (2) This Order comes into force on 4thNovember 2024. (3) This Order extends to England and Wales, Scotland and Northern Ireland.

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2 Amendment of the small business turnover limit

(1) The Building Societies Act 1986 is amended as follows. (2) In subsections (10) and (11)(c) of section 7 (the funding limit) for “£1,000,000” substitute “£6,500,000”.

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