Schedule 13: Penalties imposed by OFCOM under Chapter 6 of Part 7 Maximum amount of penalties
Paragraph 4(1) of Schedule 13 says that the maximum penalty that OFCOM can impose on the provider of a regulated service is the greater of £18 million and 10% of the person’s "qualifying worldwide revenue" for the person’s most recent complete accounting period.
	Paragraphs 4(4)-(6) also includes further detail on how "qualifying worldwide revenue" will be calculated. The term "qualifying worldwide revenue" will be defined in a statement produced and published by OFCOM under section 76.