# The Water Industry (Determination of Turnover for Penalties) Order 2005, Article 3: Determination of turnover

Extent: E+W

(1) Subject to paragraphs (2) to (4), for the purposes of section 22A(11) of the Act, the turnover of a person shall be the applicable turnover for the preceding business year.
(2) Where the preceding business year is more or less than twelve months, the turnover shall be the applicable turnover in that business year divided by the number of months in that business year and multiplied by twelve.
(3) Where there is no preceding business year, the turnover shall be the applicable turnover for the relevant year.
(4) For the purposes of paragraph (3), where the period for which the person held—
(a) an appointment as a relevant undertaker, ...
(b) a water supply licence, or
(c) a sewerage licence,
during the relevant year was less than twelve months, the turnover shall be the applicable turnover in that period divided by the number of months in that period and multiplied by twelve.
(5) In paragraphs (3) and (4), “the relevant year” means the twelve months ending on the last day of the month preceding the month in which the date of the notice falls.

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Source: https://www.legislation.gov.uk/uksi/2005/477/article/3 (the official version)
Page: https://openlegislation.uk/water-industry-determination-of-turnover-for-penalties-order-2005/article-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.