The paged version of this document contained the following header content in the margin: Part I
sums which the Authority regard as necessary in order to discharge their duty under section 36(2) in relation to that branch of their undertaking; and
(b) additional payments of amounts determined in accordance with this section.
(3) The payments mentioned in subsections (1)(b) and (2)(b) (referred to in this and the following sections of this Act as " additional payments ") shall not form part of the revenue of the Authority and, when received by the Authority, shall be paid into the Consolidated Fund of the United Kingdom or the Consolidated Fund of Northern Ireland as provided by section 33(3).
(4) If the accounting period of a programme contractor is a period of 12 months, the amount of the additional payments to be made by him shall be that provided in the following Table.
Table
Rates of Additional Payments
Rate for determining amount of additional payments | |
For so much of the profits for the accounting period as does not exceed 250,000 or does not exceed 2 per cent. of the advertising receipts for the accounting periods ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... |
Nil |
For so much of the profits for the accounting period as exceeds 250,000 and exceeds 2 per cent. of those advertising receipts ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... |
The relevant rate. |
In this Table " the relevant rate " means—
(a) in relation to additional payments payable by virtue of subsection (1)(b), 66.7 per cent.;
(b) in relation to additional payments payable by virtue of subsection (2)(b), 40 per cent.
(5) If the accounting period is more or less than 12 months, for the sum of 250,000 in the Table above there shall be substituted that sum multiplied by X52 where X is the number of weeks in the accounting period, counting an odd 4 days or more as a week.
(6) In the case of a TV programme contractor who is also a teletext contractor, his profits for any accounting period shall