Paragraph 6 Calculation of turnover

Where the holder of a marketing authorisation or product licence (in this paragraph referred to as “the new authorisation or licence holder”) was not dealing in authorised or licensed products during the previous calendar year, but has taken over an existing business or concern which was dealing in such products, whether by purchase or merger or otherwise, the gross value of sales made by the existing business or concern of such authorised or licensed products during the previous calendar year may be treated as the gross value of sales of such products for that year of the new authorisation or licence holder for the purpose of calculating the first annual fee payable by that person.