Paragraph 1

(1)

It shall be the duty of F1OFCOM to draw up, and from time to time review, a statement setting out the principles to be followed in ascertaining the qualifying revenue in relation to a person—

(a)

for any accounting period of his, or

(b)

for any year,

for the purposes of any provision of Part I or Part II of this Act.

(2)

A statement under this paragraph may set out different principles for persons holding different kinds of licences.

(3)

Before drawing up or revising a statement under this paragraph OFCOM shall consult the Secretary of State and the Treasury.

(4)

OFCOM shall—

(a)

publish the statement drawn up under this paragraph and every revision of that statement; and

(b)

transmit a copy of that statement, and every revision of it, to the Secretary of State;

and the Secretary of State shall lay copies of the statement and of every such revision before each House of Parliament.

F2(5)

This paragraph does not apply in relation to such part of a person’s qualifying revenue as falls to be ascertained in accordance with section 368J of the Communications Act 2003 (see section 18A(1)(b) and (3) of this Act).

Annotations

Textual amendments

F1: Words in Sch. 7 Pt. 1 substituted (29.12.2003) by Communications Act 2003 (c. 21), s. 411(2), Sch. 15 para. 72(2) (with Sch. 18); S.I. 2003/3142, art. 3(1), Sch. 1 (with art. 11)
F2: Sch. 7 Pt. 1 para. 1(5) inserted (17.10.2024 for specified purposes, 1.1.2026 in so far as not already in force) by Media Act 2024 (c. 15), ss. 19(5), 55(3)(a); S.I. 2024/1033, reg. 2; S.I. 2025/1049, reg. 3(q)

Notes on Part I

Modifications

C1: Sch. 7 Pt. I applied (with modifications) (29.12.2003) by Communications Act 2003 (c. 21), s. 411(2), Sch. 9 para. 8(7) (with Sch. 18); S.I. 2003/3142, art. 3(1), Sch. 1 (with art. 11)
C2: Sch. 7 Pt. I applied (29.12.2003) by Communications Act 2003 (c. 21), s. 411(2), Sch. 10 para. 15(3) (with Sch. 18); S.I. 2003/3142, art. 3(1), Sch. 1 (with art. 11)
C3: Sch. 7 Pt. I applied (with modifications) (29.12.2003) by Communications Act 2003 (c. 21), ss. 237(5), 411(2) (with Sch. 18); S.I. 2003/3142, art. 3(1), Sch. 1 (with art. 11)