Regulation 11 Principal payments in respect of levy
Each licensed supplier shall make payments in respect of the levy in accordance with the following provisions of this regulation.
In respect of each qualifying month, the licensed supplier shall calculate (and, in doing so, shall take into account any deductions which he may make in accordance with these Regulations) the amount of the payment due from him in accordance with—
until it is superseded by a rate notified to him by the Director in accordance with regulation 6, the rate of levy notified to him by the Secretary of State in accordance with regulation 36; and
thereafter, the rate of levy notified to him by the Director in accordance with regulation 6.
The licensed supplier shall pay to the Director a sum representing the aggregate amount of the payments which he has calculated is due from him in respect of—
each qualifying month or part of such a month falling within the period commencing on 16th February 1996 and ending on 31st March 1997, not later than 31st May 1997; and
each financial year after 31st March 1997, not later than 2 months after the end of the financial year in question.
If the licensed supplier makes the payment mentioned in paragraph (3) later than specified therein but before any notice has been served on him under paragraph (1) of regulation 16 or 17, he shall also pay an amount in respect of interest in accordance with regulation 24(1).