371. LLPs excluded from the small LLPs regime

Past version: effective from 21/10/2015 - 20/10/2015
To view other versions open the versions tab on the right

(1) The small LLPs regime does not apply to an LLP that is, or was at any time within the financial year to which the accounts relate —
(a) a public interest entity,
(b) a financial institution, or
(c) a member of an ineligible group.
(2) A group is ineligible if any of its members is —
(a) a public interest entity, or
(b) a financial institution.