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Version status: Partly in force | Document consolidation status: No known changes
Version date: 26 October 2023 - 31 August 2025
Version 1 of 2

201 Section 199: large organisations

(1) For the purposes of section 199(1) and (2) a relevant body is a "large organisation" only if the body satisfied two or more of the following conditions in the financial year of the body ("year P") that precedes the year of the fraud offence -

Turnover

More than £36 million

Balance sheet total

More than £18 million

Number of employees

More than 250.

(2) The reference in subsection (1) to a relevant body does not include a relevant body which is a parent undertaking (as to which see section 202).

(3) For a period that is a relevant body’s financial year but not in fact a year, the figure for turnover must be proportionately adjusted.

(4) In subsection (1) the "number of employees" means the average number of persons employed by the relevant body in year P, determined as follows -