Commentary

V5.214A Definitions—'Qualifying company' and 'Senior Accounting Officer'

Part V5 Compliance, enforcement and appeals

V5.214A Definitions—'Qualifying company' and 'Senior Accounting Officer'

V5.214A Definitions—'Qualifying company' and 'Senior Accounting Officer'

Qualifying company1

A company is a qualifying company in relation to a financial year if, in the previous financial year, its turnover exceeded £200m, or its balance sheet total exceeded £2bn. The Treasury may, by regulations, provide that a company of a description specified therein is not a qualifying company. 'Company' has the same meaning as in the Companies Acts (see Companies Act 2006, s 1(1)) but does not include a company that is an open-ended investment company (within the meaning of [CTA 2010, s 613]) or an investment trust (within the meaning

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