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Section 1 Minimum price for alcoholI1I2

(1)

The applicable minimum price for alcohol is to be calculated, for the purposes of section 2 of this Act, by applying the formula M × S × V, where—

(a)

M is whatever price is specified in regulations as being the minimum unit price for the purposes of this Act, expressed in pounds sterling,

(b)

S is the percentage strength of the alcohol, expressed as a cardinal number,

(c)

V is the volume of the alcohol, expressed in litres.

(2)

Where but for this subsection the applicable minimum price for alcohol would not be a whole number of pennies, it is to be rounded to the nearest whole penny (taking half a penny as being nearest to the next whole penny above).

(3)

For example—

(a)

in the case of a bottle of wine, S (percentage strength of the wine) is 12.5%, and V (volume of the wine) is 75 centilitres;

(b)

taking M (specified minimum unit price) to be £0.50, the applicable minimum price for the wine would be calculated as £0.50 × 12.5 × 0.75 = £4.69.

Annotations

Commencement

I1

S. 1 in force at 14.10.2019 for specified purposes by S.I. 2019/1336, art. 2

I2

S. 1 in force at 2.3.2020 in so far as not already in force by S.I. 2020/175, reg. 2(a)