»Ê¹ÚÌåÓýapp

This guidance applies to worldwide group periods of account ending before or straddling 1 April 2017.

Debt cap does not apply where all group members are SMEs

To be a worldwide group and therefore within the debt cap rules a group must be large. TIOPA10/S344(1) defines a group as being large if any member of the group is not a micro, small or medium sized enterprise as defined in the Annex to European Commission Recommendation 2003/361/EC of 6 May 2003. This and a related User Guide are available on the .

»Ê¹ÚÌåÓýapp definition applies to any entity engaged in an economic activity, irrespective of its legal form and includes entities subject to income tax as well as corporation tax. »Ê¹ÚÌåÓýapp definitions are summarised at CFM90230.

However, any group that contains one or more entities which are not micro, small or medium-sized entities will be within the debt cap rules, even if the most of the entities within the group are smaller.