Paragraph 10 Maximum amount of penaltyI1

The maximum amount of penalty that may be imposed on a licence holder in respect of a contravention may not exceed 10 per cent of the licence holder’s turnover.

The Secretary of State may by regulations provide for how a person’s turnover is to be determined for the purposes of this paragraph.

Regulations under sub-paragraph (2) are subject to the affirmative procedure.

In this paragraph “penalty” means a penalty imposed on a licence holder under paragraph 4.