The Building Societies Act 1986 (Amendment of Small Business Turnover Limit) Order 2024

This Order amends section 7(10) and (11)(c) of the Building Societies Act 1986 (c. 53) (“the 1986 Act”) by increasing the turnover limit for a small business in a relevant financial year in section 7(10) of the 1986 Act from £1,000,000 to £6,500,000 and correspondingly amending the reference in section 7(11)(c) to the equivalent amount in any other currency.