10(1)The maximum amount of penalty that may be imposed on a licence holder in respect of a contravention may not exceed 10 per cent of the licence holder’s turnover.
(2)The Secretary of State may by regulations provide for how a person’s turnover is to be determined for the purposes of this paragraph.
(3)Regulations under sub-paragraph (2) are subject to the affirmative procedure.
(4)In this paragraph “penalty” means a penalty imposed on a licence holder under paragraph 4.
Commencement Information
I1Sch. 3 para. 10 in force at 26.12.2023, see s. 334(3)(a)