Finance Act 2020
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Change 1
46 Meaning of “the threshold conditions”
(1) For the purposes of this Part “the threshold conditions”, in relation to a group, for an accounting period are— (a) that the total amount of digital services revenues arising in that period to members of the group exceeds £500 million, and (b) that the total amount of UK digital services revenues arising in that period to members of the group exceeds £25 million. (2) But if the duration of the accounting period is less than a year, the amounts mentioned in subsection (1)(a) and (b) are proportionately reduced.
46 Meaning of “the threshold conditions”
(1) For the purposes of this Part “the threshold conditions”, in relation to a group, for an accounting period are— (a) that the total amount of digital services revenues arising in that period to members of the group exceeds £500 million, and (b) that the total amount of UK digital services revenues arising in that period to members of the group exceeds £25 million. (2) But if the duration of the accounting period is less than a year, the amounts mentioned in subsection (1)(a) and (b) are proportionately reduced.
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