{
  "url": "https://openlegislation.uk/draft-office-of-qualifications-and-examinations-regulation-determination-of-turnover-for-monetary-penalties-order-2012/article-4",
  "json_url": "https://openlegislation.uk/draft-office-of-qualifications-and-examinations-regulation-determination-of-turnover-for-monetary-penalties-order-2012/article-4.json",
  "legislation": "ukdsi/2012/9780111524398",
  "legislation_title": "The Office of Qualifications and Examinations Regulation (Determination of Turnover for Monetary Penalties) Order 2012",
  "legislation_url": "https://openlegislation.uk/draft-office-of-qualifications-and-examinations-regulation-determination-of-turnover-for-monetary-penalties-order-2012",
  "path": "article/4",
  "kind": "article",
  "number": "4",
  "heading": "Determination of turnover for the purposes of section 151B(1) of the Act",
  "text": "(1) Subject to the following paragraphs, for the purposes of section 151B(1) of the Act the turnover of a recognised body is the body’s turnover for the business year preceding the date of the notice.\n(2) Where the business year preceding the date of the notice does not equal twelve months, the turnover is the turnover in that business year divided by the number of months in that business year and multiplied by twelve.\n(3) Where there is no preceding business year, the turnover is the 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 recognised body has turnover for a period of less than twelve months the turnover is the turnover in that period divided by the number of months in that period and multiplied by twelve.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2012/9780111524398/article/4",
    "retrieved_at": "2026-10-30T14:51:48.396462+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."
}