{
  "url": "https://openlegislation.uk/broadcasting-act-1990/schedule-7/part-II/crossheading-computation-of-qualifying-revenue/paragraph-1",
  "json_url": "https://openlegislation.uk/broadcasting-act-1990/schedule-7/part-II/crossheading-computation-of-qualifying-revenue/paragraph-1.json",
  "legislation": "ukpga/1990/42",
  "legislation_title": "Broadcasting Act 1990",
  "legislation_url": "https://openlegislation.uk/broadcasting-act-1990",
  "path": "schedule/7/part/II/crossheading/computation-of-qualifying-revenue/paragraph/1",
  "kind": "paragraph",
  "number": "1",
  "heading": null,
  "text": "(1) It shall be the duty of OFCOM to draw up, and from time to time review, a statement setting out the principles to be followed in ascertaining the qualifying revenue for any accounting period of a licence holder for the purposes of any provision of Part III of this Act.\n(2) A statement under this paragraph may set out different principles for persons holding different kinds of licences.\n(3) Before drawing up or revising a statement under this paragraph OFCOM shall consult the Secretary of State and the Treasury.\n(4) OFCOM shall—\n(a) publish the statement drawn up under this paragraph and every revision of that statement; and\n(b) transmit a copy of that statement, and every revision of it, to the Secretary of State;\nand the Secretary of State shall lay copies of the statement and of every such revision before each House of Parliament.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Sch. 7 Pt. II substituted (29.12.2003) by Communications Act 2003 (c. 21), s. 411(2), Sch. 15 para. 72(3) (with Sch. 18); S.I. 2003/3142, art. 3(1), Sch. 1 (with art. 11)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1990/42/schedule/7/part/II/crossheading/computation-of-qualifying-revenue/paragraph/1",
    "retrieved_at": "2026-10-29T09:42:53.031174+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}