{
  "url": "https://openlegislation.uk/draft-groceries-code-adjudicator-permitted-maximum-financial-penalty-order-2015/article-3",
  "json_url": "https://openlegislation.uk/draft-groceries-code-adjudicator-permitted-maximum-financial-penalty-order-2015/article-3.json",
  "legislation": "ukdsi/2015/9780111128213",
  "legislation_title": "The Groceries Code Adjudicator (Permitted Maximum Financial Penalty) Order 2015",
  "legislation_url": "https://openlegislation.uk/draft-groceries-code-adjudicator-permitted-maximum-financial-penalty-order-2015",
  "path": "article/3",
  "kind": "article",
  "number": "3",
  "heading": "Calculation of turnover",
  "text": "(1) The turnover of a large retailer is the retailer’s applicable turnover for the business year preceding the date of the notice.\n(2) Where the business year preceding the date of the notice did not equal twelve months, the turnover is the retailer’s applicable turnover for that business year divided by the number of months in that business year and multiplied by twelve.\n(3) Where there was no preceding business year, the turnover is the applicable turnover for the twelve months ending on the last day of the month preceding the month in which the date of the notice falls.\n(4) Where in the application of paragraph (3) the large retailer has turnover for a period of less than twelve months, the turnover is the applicable turnover in that period divided by the number of months in that period and multiplied by twelve.\n(5) In this article—\n“applicable turnover” has the meaning given in article 4;\n“business year” means a period of more than six months in respect of which a large retailer published accounts or, if no such accounts were published for the period, prepared accounts; and\n“date of the notice” means the date on which the Adjudicator gave written notice to the large retailer under section 9(2) of the Act imposing the penalty in question.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2015/9780111128213/article/3",
    "retrieved_at": "2026-10-30T15:10:15.137784+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."
}