micro-enterprise

60 173an enterprise130 which:

1. (a) employs fewer than 10 persons; and
2. (b) has a turnover or annual balance sheet that does not exceed €2 million,130

and in determining whether these criteria are met articles 3 to 6 of the Annex to the Micro-enterprise Recommendation must be applied.130[Note: article 4(36130) of the Payment Services Directive and the Annex to the Micro-enterprise Recommendation]