Home > > 2007/08 Rates and Allowances > Qualification to be a small and medium sized company
Qualification to be a small and medium sized company
Qualification applies if two or more of the following criteria are met in the current and preceding year
| Type of Company | Qualification Requirements | Not More Than |
| Small company | Turnover | £5.6m |
| Balance sheet total | £2.8m | |
| Number of employees | 50 | |
| Medium sized company | Turnover | £22.8m |
| Balance sheet total | £11.4m | |
| Number of employees | 250 | |
| Small group | Turnover | £5.6m net or £6.7m gross |
| Balance sheet total | £2.8m net or £3.36m gross | |
| Number of employees | 50 | |
| Medium sized group | Aggregate Turnover | £22.8m or £27.36m gross |
| Aggregste balance sheet total | £11.4m or £13.68m gross | |
| Aggregate number of employees | 250 |
Main taxes
- 2009/10 tax rates and allowances
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