{
  "url": "https://openlegislation.uk/enterprise-act-2002-mergers-interim-measures-financial-penalties-determination-of-control-and-turnover-order-2014/article-3",
  "json_url": "https://openlegislation.uk/enterprise-act-2002-mergers-interim-measures-financial-penalties-determination-of-control-and-turnover-order-2014/article-3.json",
  "legislation": "uksi/2014/533",
  "legislation_title": "The Enterprise Act 2002 (Mergers) (Interim Measures: Financial Penalties) (Determination of Control and Turnover) Order 2014",
  "legislation_url": "https://openlegislation.uk/enterprise-act-2002-mergers-interim-measures-financial-penalties-determination-of-control-and-turnover-order-2014",
  "path": "article/3",
  "kind": "article",
  "number": "3",
  "heading": "Turnover of an enterprise",
  "text": "(1) For the purposes of section 94A(2) of the Enterprise Act 2002 (penalty for breach of interim undertakings and orders), the turnover of an enterprise is the turnover of the enterprise in its relevant accounting period, determined in accordance with the Schedule.\n(2) An enterprise's “relevant accounting period” is its accounting period immediately preceding the date on which the interim measure in question came into force.\n(3) An “accounting period” of an enterprise is a period of more than six months in respect of which accounts are prepared or required to be prepared in relation to the enterprise.\n(4) Where for the purposes of paragraph (1) the figures necessary for the appropriate authority to calculate the turnover of an enterprise in its relevant accounting period are not available to the appropriate authority when the appropriate authority decides to impose the penalty under section 94A(1) of the Enterprise Act 2002, the turnover of the enterprise is its turnover in its accounting period immediately preceding its relevant accounting period, determined in accordance with the Schedule.\n(5) Where paragraph (4) applies but the figures necessary for the appropriate authority to calculate the turnover of an enterprise in its accounting period immediately preceding its relevant accounting period are not available to the appropriate authority when the appropriate authority decides to impose the penalty under section 94A(1) of the Enterprise Act 2002, the turnover of the enterprise for the purposes of section 94A(2) of that Act is its turnover, determined in accordance with the Schedule, in the period beginning with the day after the last day of its relevant accounting period and ending with the date on which the interim measure in question came into force.\n(6) Where paragraph (4) applies but the enterprise has no accounting period immediately preceding its relevant accounting period, the turnover of the enterprise for the purposes of section 94A(2) of the Enterprise Act 2002 is its turnover, determined in accordance with the Schedule, in the period beginning with the date on which the activities constituting the enterprise began to be carried on and ending with the date on which the enterprise's relevant accounting period began.\n(7) Where paragraph (6) applies but the figures necessary for the appropriate authority to calculate the turnover of the enterprise in the period beginning with the date on which the activities constituting the enterprise began to be carried on and ending with the date on which its relevant accounting period began are not available to the appropriate authority, the turnover of the enterprise for the purposes of section 94A(2) of the Enterprise Act 2002 is its turnover, determined in accordance with the Schedule, in the period beginning with the day after the last day of its relevant accounting period and ending with the date on which the interim measure in question came into force.\n(8) Where for the purposes of paragraph (1) an enterprise has no relevant accounting period, the turnover of the enterprise for the purposes of section 94A(2) of the Enterprise Act 2002 is its turnover, determined in accordance with the Schedule, in the period beginning with the date on which the activities constituting the enterprise began to be carried on and ending with the date on which the interim measure in question came into force.\n(9) Where an enterprise's relevant accounting period or other period in which its turnover is required to be determined by this article does not equal 12 months, the turnover of the enterprise in that period is the amount which bears the same proportion to the turnover of the enterprise in that period, determined in accordance with the Schedule, as 12 months does to that period.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2014/533/article/3",
    "retrieved_at": "2026-10-29T00:24:24.024420+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."
}