368. LLPs subject to the small LLPs regime

Past version: effective from 21/10/2015 - 20/10/2015
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The small LLP regime applies to an LLP for a financial year in relation to which the LLP —

(a) qualifies as small (see sections 369 (general) and 370 (parent LLPs)), and
(b) is not excluded from the regime (see section 371 (LLPs excluded from the small LLPs regime)).