SCHEDULES
SCHEDULE 11Conditions for registration for gross payment
Part 2Conditions to be satisfied by firms
F1Exception from compliance test: firms
Annotations:
Amendments (Textual)
8A
1
The conditions in paragraph 8 (the compliance test: firms) do not need to be satisfied by the firm if, at the time of the application—
a
one or more of the partners is already registered for gross payment as a partner in another firm or otherwise than as a partner in a firm, and
b
that partner has, or those partners together have, a right to a share of at least half the assets, or at least half the income, of the firm.
2
In sub-paragraph (1)(a) the reference to registration for gross payment does not include registration for gross payment by virtue of this paragraph or paragraph 12A (exception from compliance test: companies).
Sch. 11 para. 8A inserted (6.4.2015) by The Income Tax (Construction Industry Scheme) (Amendment of Schedule 11 to the Finance Act 2004) Order 2015 (S.I. 2015/789), arts. 1, 2(b)