(1) In this section -
"annual turnover" means the amount on which value-added tax -
(a) is chargeable by virtue of Chapter 1 of Part 5 of the Value-Added Tax Consolidation Act 2010, or
(b) would be chargeable if the exclusions contained in section 6(1) and (2) of the Value-Added Tax Consolidation Act 2010, did not apply,
in respect of a continuous period of not less than 12 months ending on the same date each year but only where the period ends not earlier than the 31st day of October prior to the beginning of the year for which the licence has been applied, but does not include turnover arising from an excluded business activity during the same period;
"excluded business activity" means business activity which is conducted in a part of the licensed premises and which is not related to the sale of alcoholic beverages:
Provided that the provision of entertainment or the sale of snack foods, beverages for consumption on the premises or tobacco products shall be regarded as so related and
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