# The Medicines (Products for Animal Use — Fees) Regulations 1995, Paragraph 1: Calculation of turnover


In relation to the calculation of turnover in any calendar year in accordance with the provisions of the succeeding paragraphs of this Part of this Schedule, “manufacturer’s prices” shall mean, subject to the provisions of paragraph 2, the prices charged by manufacturers to wholesalers, except where products are supplied by manufacturers direct to retailers, in which case the prices charged by the marketing authorisation or licence holder may be reduced by such sum as, in the opinion of the relevant authority, represents the difference between the prices paid by wholesalers and those normally charged by them to retailers according to the practice prevailing during the period in question with regard to such products.

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Source: https://www.legislation.gov.uk/uksi/1995/2364/schedule/3/paragraph/1 (the official version)
Page: https://openlegislation.uk/medicines-products-for-animal-use-fees-regulations-1995/schedule-3/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.