Part 1: Digital Markets Power to designate undertaking as having SMS Section 8: Turnover of an undertaking
This section makes provision about the value of an undertaking’s or a group’s UK or global turnover in the relevant period for the purposes of the turnover condition.
	Subsection (2) sets out that the total value of the undertaking’s or the group’s global turnover in the relevant period is the total value of turnover arising in connection with any of its activities.
	Subsection (3) sets out that the total value of the undertaking’s or the group’s UK turnover in the relevant period is the total value of turnover arising in connection with any of its activities and relating to UK users or UK customers (as defined in section 118).
	Subsection (4) gives the Secretary of State the power to make regulations providing further detail about how the total value of an undertaking’s or a group’s UK turnover or global turnover is to be estimated for the purposes of the turnover condition. Under subsection (5)(b), such regulations may confer on the CMA the power to determine certain matters, including which amounts are to be regarded as comprising the turnover of an undertaking or a group. Subsection (6) provides that regulations made under subsection (4) are subject to the negative procedure.