{
  "url": "https://openlegislation.uk/recognised-persons-monetary-penalties-determination-of-turnover-wales-order-2012/article-2",
  "json_url": "https://openlegislation.uk/recognised-persons-monetary-penalties-determination-of-turnover-wales-order-2012/article-2.json",
  "legislation": "wsi/2012/1248",
  "legislation_title": "The Recognised Persons (Monetary Penalties) (Determination of Turnover) (Wales) Order 2012",
  "legislation_url": "https://openlegislation.uk/recognised-persons-monetary-penalties-determination-of-turnover-wales-order-2012",
  "path": "article/2",
  "kind": "article",
  "number": "2",
  "heading": "Interpretation",
  "text": "(1) In this Order—\n“the Act” (“y Ddeddf”) means the Education Act 1997;\n“business year” (“blwyddyn fusnes”) means a period of six or more months in respect of which a recognised person publishes accounts or, if no such accounts have been published for the period, prepares accounts;\n“date of notice” (“dyddiad hysbysu”) means the date on which the Welsh Ministers give notice to a recognised person under section 32AA(6) of the Act of their intention to impose a monetary penalty on the recognised person;\n“preceding business year” (“blwyddyn fusnes flaenorol”) means the business year immediately preceding the date of notice;\n(2) In this Order “applicable turnover” (“trosiant cymwysadwy”) means any amounts, calculated in conformity with normal accounting practice in the United Kingdom, which are —\n(a) derived by the recognised person from the provision of goods and services falling within the recognised person’s ordinary activities in the United Kingdom; and\n(b) received by the recognised person in the course of the recognised person’s ordinary activities in the United Kingdom by way of gift, grant or subsidy,\nafter deduction of trade discounts, value added tax and other taxes based on the amounts so derived or received;",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/wsi/2012/1248/article/2",
    "retrieved_at": "2026-10-28T23:46:35.802994+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}