This section has no associated Explanatory Memorandum
2. For the purposes of paragraph 1, the annual turnover of an undertaking is—
(a)the undertaking’s turnover for the 12 months immediately preceding the date provided for in paragraph 4; or
(b)where that undertaking was established for a period of less than 12 months before that date, the undertaking’s turnover for that period increased proportionately to provide a figure for a period of 12 months.