Section 157(5)

The “higher maximum amount” is— in the case of an undertaking, £17,500,000 or 4% of the undertaking's total annual worldwide turnover in the preceding financial year, whichever is higher, or in any other case, £17,500,000.

← 4A · All articles · 6 →

Source: legislation.gov.uk · retrieved 2026-09-04