Article 3 Determination of turnover for the purposes of section 36(8)F1
United Kingdom
The turnover of an undertaking for the purposes of section 36(8) is the applicable turnover for the business year preceding the date on which the decision of the F2CMA is taken or, if figures are not available for that business year, the one immediately preceding it.
Annotations
Textual amendments
- F1
Art. 3 substituted (1.5.2004) by The Competition Act 1998 (Determination of Turnover for Penalties) (Amendment) Order 2004 (S.I. 2004/1259), arts. 1, 2(3)
- F2
Word in art. 3 substituted (1.4.2014) by The Enterprise and Regulatory Reform Act 2013 (Competition) (Consequential, Transitional and Saving Provisions) (No. 2) Order 2014 (S.I. 2014/549), art. 1(1), Sch. 1 para. 2 (with art. 3)