Digital Markets, Competition and Consumers Bill - Report (2nd Day) – in the House of Lords at 7:15 pm on 13 March 2024.
Lord Offord of Garvel:
Moved by Lord Offord of Garvel
123: Schedule 21, page 371, line 16, leave out “who is not a body corporate” and insert “whose business is a micro-entity” Member's explanatory statementThis Amendment, along with my other amendments to Schedule 21, provides that a contract for the supply of foodstuffs etc delivered to the consumer’s home is excluded from the subscription contracts regime if the trader’s business is a “micro-entity”, which is assessed on the basis of the business’ turnover, balance sheet and number of staff, regardless of whether the business is incorporated or not.
124: Schedule 21, page 371, line 26, at end insert—“(3A) For the purposes of sub-paragraph (1), a business is a micro-entity in each financial year, other than its first financial year, that the condition in sub-paragraph (3B) or (3C) is met in relation to the business.(3B) The condition in this sub-paragraph is met if—(a) the business is carried on by a company, and(b) the company qualified as a micro-entity in accordance with section 384A of the Companies Act 2006 in relation to the preceding financial year.(3C) The condition in this sub-paragraph is met if—(a) the business is not carried on by a company, but(b) if the business had been carried on by a company, the company would have qualified as a micro-entity in accordance with that section in relation to the preceding financial year.(3D) In the first financial year of a business, the business is a micro-entity for the purposes of sub-paragraph (1) if (and for so long as) the person carrying on the business believes on reasonable grounds that the person will qualify as a micro-entity in accordance with section 384A of the Companies Act 2006 in relation to that financial year (or would do so if the person were a company).”Member's explanatory statementSee the explanatory statement for my other amendment to Schedule 21.
125: Schedule 21, page 371, line 29, at end insert—“(5) In this paragraph—“company” has the same meaning as in the Companies Act 2006 (see section 1 of that Act);“financial year” —(a) in relation to a business which is carried on by a company, means the company’s financial year in accordance with sections 390 to 392 of that Act;(b) in relation to a business which is not carried on by a company, means a year, beginning on
Amendments 123 to 125 agreed.
Amendment 126 not moved.
Clause 257: Reminder notices
Amendments 126A and 126B not moved.
Clause 258: Content and timing etc of reminder notices
Amendments 127 to 127A not moved.
Clause 259: Arrangements for consumers to exercise right to end contract
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