(1) In this regulation—
“annual fees” means the annual fee under section 8(2) of the Act;
“prescribed fee” means the prescribed fee under section 8(1) of the Act.
(2) Subject to subregulation (3), the annual fee payable under section 8 of the Act shall be as prescribed in Schedule 2.
(3) Where a licence is granted between—
(a) 1 January and 31 March or on either of these dates, the prescribed fee payable on the grant of the licence shall be the full annual fee;
(b) 1 April and 30 June or on either of these dates, the prescribed fee payable on the grant of the licence shall be 75% of the annual fee;
(c) 1 July and 30 September or on either of these dates, the prescribed fee payable on the grant of the licence shall be 50% of the annual fee;
(d) 1 October and 31 December or on either of these dates, the prescribed fee payable on the grant of the licence shall be 25% of the annual fee.
(Substituted by S.I. 34/2001)