Status: You are viewing the version of the handbook as on 2018-12-10.

micro-enterprise

    60136an enterprise which:

      1. (a) employs fewer than 10 persons; and
      1. (b) has a turnover or annual balance sheet that does not exceed €2 million.

    In this definition, "enterprise" means any person engaged in an economic activity, irrespective of legal form and includes, in particular, self-employed persons and family businesses engaged in craft or other activities, and partnerships or associations regularly engaged in an economic activity.

    [Note: article 4(

    26) of the Payment Services Directive and the Annex to the Micro-enterprise Recommendation]