Statutory Instruments
2012 No. 1127
Postal Services
The Postal Services Act 2011 (Penalties) (Rules for Calculation of Turnover) Order 2012
Made
19th April 2012
Coming into force in accordance with article 1
The Secretary of State makes the following Order in exercise of the powers conferred by paragraph 7(2) of Schedule 7 to the Postal Services Act 2011( 1 ).
A draft of this Order has been laid before Parliament in accordance with section 89(4) of and Schedule 7 paragraph 7(5) to that Act and approved by resolution of each House of Parliament.
Citation and commencement
1. This Order may be cited as the Postal Services (Penalties) (Rules for Calculation of Turnover) Order 2012 and comes into force on the day following the day on which it is made.
Rules for calculation of turnover for the purposes of Schedule 7
2. The rules for the calculation of turnover for the purposes of paragraph 7 of Schedule 7 to the Postal Services Act 2011 shall be the rules set out in the Schedule to this Order.
Mark Prisk
Minister of State for Business and Enterprise
Department for Business, Innovation and Skills
19th April 2012
Article 2
SCHEDULE Rules for calculation of turnover for purposes of paragraph 7 of Schedule 7 to the Postal Services Act 2011
General rules
1. The turnover of a person’s postal services business shall be calculated in conformity with accounting practices and principles which are generally accepted in the United Kingdom.
3. When a person’s postal services business consists of two or more undertakings that each prepare accounts then the turnover shall be calculated by adding together the turnover of each, save that no account shall be taken of any turnover resulting from the supply of goods or the provision of services between them.
2011 c.5 .