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—U.K.
(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.
Textual Amendments
F1Words in Sch. 7 Pt. I substituted (29.12.2003) by Communications Act 2003 (c. 21), s. 411(2), Sch. 15 para. 72(2) (with Sch. 18); S.I. 2003/3142, art. 3(1), Sch. 1 (with art. 11)