Section 5(2)

For the purposes of paragraph (1)(c), an individual controls a body corporate if— the body corporate is a company or a limited liability partnership and that individual satisfies one or more of the conditions set out in Part 1 of Schedule 1A to the Companies Act 2006 (people with significant control over a company) ; or the body corporate would be a subsidiary undertaking of the individual (if the individual was an undertaking) under section 1162 (parent and subsidiary undertakings) of the Companies Act 2006 read with Schedule 7 to that Act.

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