- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
2. For the purposes of paragraph 1, manufacturer’s prices are the following—
(a)for products sold or supplied by the licence holder to wholesalers or to distributors or assemblers named in the licence, which he has manufactured or obtained from the manufacturer, the prices charged for the supply;
(b)for products sold or supplied by the licence holder to retailers, which he has manufactured or obtained from the manufacturer, the prices so charged for the supply less an amount which, in the opinion of the licensing authority, represents the difference between those prices and the prices which would have been charged, in accordance with the practice prevailing during the relevant year, by a wholesaler for the product;
(c)for products sold or supplied by the licence holder which he has neither manufactured nor obtained from the manufacturer, the price which he paid for the supply.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include: