Schedule 1A, Part 2, paragraph 8

V holds an interest in company W if— V holds shares in company W, directly or indirectly, V holds, directly or indirectly, voting rights in company W, V holds, directly or indirectly, the right to appoint or remove any member of the board of directors of company W, V has the right to exercise, or actually exercises, significant influence or control over company W, or sub-paragraph (2) is satisfied. This sub-paragraph is satisfied where— the trustees of a trust or the members of a firm that, under the law by which it is governed, is not a legal person hold an interest in company W in a way mentioned in sub-paragraph (1)(a) to (d), and V has the right to exercise, or actually exercises, significant influence or control over the activities of that trust or firm.

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Source: legislation.gov.uk · retrieved 2026-09-04