CISR17290 - The Scheme: secondary legislation: regulation 28

This regulation deals with the minimum amounts required to satisfy the turnover test:to be read in conjunction with FA04/SCH11.

• For the purposes of FA04/SCH11/PARA3(1), the minimum turnover is £30,000: SI2005/2045 reg 28(1).
• For the purposes of FA04/SCH11/PARA7, the amount specified is £200,000: SI2005/2045 reg 28(2).
• For the purposes of FA04/SCH11/PARA11, the amount specified is £200,000: SI2005/2045 reg 28(3).

ENABLING PROVISION – FA04/SCH11, paras 3(1), 7(1) & 11(2)