# The Medicines (Products for Animal Use—Fees) Regulations 1997, Paragraph 3: Calculation of turnover


(1) For the purpose of calculating annual fees for marketing authorisations and product licences for intermediate feed 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, the value of the feedingstuff shall be included in the value of the intermediate feed.
(2) For the purposes of this Part of this Schedule, “intermediate feed” means a medicated feedingstuff sold, supplied or imported for use wholly or mainly as an ingredient in the preparation of a substance which is to be fed to one or more animals for a medicinal purpose or for purposes that include that purpose, with or without further processing.

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Source: https://www.legislation.gov.uk/uksi/1997/1469/schedule/3/part/I/paragraph/3 (the official version)
Page: https://openlegislation.uk/medicines-products-for-animal-usefees-regulations-1997/schedule-3/part-I/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.