Schedule 3, Part 2, paragraph 10(4)

For the purpose of calculating the relevant indicator— each element must be included in the sum with its positive or negative sign; income from extraordinary or irregular items must not be used; expenditure on the outsourcing of services rendered by third parties may reduce the relevant indicator if the expenditure is incurred from a payment service provider; the relevant indicator is calculated on the basis of the twelve-monthly observation at the end of the previous financial year; the relevant indicator must be calculated over the previous financial year; and audited figures must be used unless they are not available in which case business estimates may be used.

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