SCHEDULES

SCHEDULE 7 Qualifying Revenue: Supplementary Provisions

C2C3C1Part I Qualifying Revenue for purposes of Part I or II of this Act

Annotations:
Modifications etc. (not altering text)
C2

Sch. 7 Pt. I applied (with modifications) (29.12.2003) by Communications Act 2003 (c. 21), s. 411(2), Sch. 9 para. 8(7) (with Sch. 18); S.I. 2003/3142, art. 3(1), Sch. 1 (with art. 11)

C1

Sch. 7 Pt. I applied (with modifications) (29.12.2003) by Communications Act 2003 (c. 21), ss. 237(5), 411(2) (with Sch. 18); S.I. 2003/3142, art. 3(1), Sch. 1 (with art. 11)

Computation of qualifying revenue

1

1

It shall be the duty of F1OFCOM to draw up, and from time to time review, a statement setting out the principles to be followed in ascertaining the qualifying revenue in relation to a person—

a

for any accounting period of his, or

b

for any year,

for the purposes of any provision of Part I or Part II of this Act.

2

A statement under this paragraph may set out different principles for persons holding different kinds of licences.

3

Before drawing up or revising a statement under this paragraph F1OFCOM shall consult the Secretary of State and the Treasury.

4

F1OFCOM shall—

a

publish the statement drawn up under this paragraph and every revision of that statement; and

b

transmit a copy of that statement, and every revision of it, to the Secretary of State;

and the Secretary of State shall lay copies of the statement and of every such revision before each House of Parliament.