# The Medicines (Products for Animal Use—Fees) Regulations 1997, Paragraph 4: Calculation of turnover


For the purpose of calculating annual fees for marketing authorisations and product licences, “turnover” means the gross value at manufacturer’s prices of all authorised or licensed products sold or supplied in the United Kingdom during the previous calendar year and in relation to which the person from whom the fee is due holds the marketing authorisation or product licence.

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Source: https://www.legislation.gov.uk/uksi/1997/1469/schedule/3/part/I/paragraph/4 (the official version)
Page: https://openlegislation.uk/medicines-products-for-animal-usefees-regulations-1997/schedule-3/part-I/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.