44 Relevant amount of gross revenue

44  Relevant amount of gross revenue

(1)     The relevant amount of gross revenue for the purposes of section 43 [. . .], in relation to a penalty imposed on a person, is—

(a)     where the last accounting period of that person which falls before the contravention was a period of 12 months, the relevant part of his gross revenue for that period; and

(b)     in any other case, the amount which, by making any appropriate apportionments or other adjustments of the relevant part of his gross revenue for the accounting period or periods mentioned in subsection (2), is computed to be the amount representing the annual rate for the relevant part of his gross revenue.

(2)     The accounting period or periods referred to in subsection (1) are—

(a)     every accounting period of his to end within

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