伊人直播

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The threshold is the expression used for the level of net construction turnover an applicant for a gross status must demonstrate to pass the turnover test. It varies according to the type of applicant and the test being applied. If the applicant cannot show sufficient turnover as detailed below, they will not pass the鈥渢urnover test鈥�, the applicant is not able to apply on a鈥減roportional鈥� basis (in other words there is turnover of 拢12,000 shown but ina 4 month period only). The current thresholds are shown below.

Sole traders

Standard test - 拢30,000 in the 12 month period preceding the date of application.

Partnerships

Standard test - 拢30,000 multiplied by the maximum number of the partnership鈥檚 participants at any one time in the 12 months preceding the application date. This is known as the 鈥榤ultiple partnership turnover threshold鈥�.

For the purposes of this test, participants are:

• partners who are individuals

and

• where a member of the partnership is a company, the number of 鈥榬elevant persons鈥� relating to that company

Alternative test - 拢100,000 in the 12 month period preceding the date of application.

Companies

Standard test - 拢30,000 multiplied by the maximum number of the company鈥檚 relevant persons at any one time in the 12 months preceding the application date. This is known as the 鈥榤ultiple company turnover threshold鈥�. In this case relevant persons are:

• directors

and

• where the company is a 鈥榗lose鈥� company, its beneficial shareholders

Alternative test - 拢100,000 in the 12 month period preceding the date of application.

Setting the thresholds

The provisions specifying these thresholds are as follows

• 鈥榠ndividual turnover threshold鈥� - SI2005/2045 reg 28(1)
• 鈥榤ultiple turnover threshold鈥� for partnerships 鈥� FA04/SCH11/PARA7(2)
• 鈥榓lternative partnership turnover threshold鈥� - SI2005/2045 reg 28(2)
• 鈥榗ompany multiple turnover threshold鈥� 鈥� FA04/SCH11/PARA11(2)(a)
• 鈥榓lternative company turnover threshold鈥� - SI2005/2045 reg 28(3)