Paragraph 2 General rulesI1
United Kingdom
F1A person’s turnover shall be limited to the amounts derived by F2that person from the relevant business after deduction of sales rebates, value added tax and other taxes directly related to turnover.
Annotations
Textual amendments
- F1
Words in Sch. para. 2 substituted (3.4.2025) by The Electronic Communications (Networks and Services) (Designated Vendor Directions) (Penalties) Order 2025 (S.I. 2025/443), arts. 1(2), 3(4)(b)(i)
- F2
Words in Sch. para. 2 substituted (3.4.2025) by The Electronic Communications (Networks and Services) (Designated Vendor Directions) (Penalties) Order 2025 (S.I. 2025/443), arts. 1(2), 3(4)(b)(ii)
Commencement
- I1
Sch. para. 2 in force at 27.10.2003, see art. 1