# The Medicines (Products for Animal Use—Fees) Regulations 1998, Paragraph 3: Calculation of turnover


For the purpose of calculating any annual fee payable in respect of marketing authorisations and product licences, “turnover” means the gross value at manufacturers' 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/1998/2428/schedule/3/part/I/paragraph/3 (the official version)
Page: https://openlegislation.uk/medicines-products-for-animal-usefees-regulations-1998/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.