Regulation 20 Fee payable when holder of existing licence applies for another licenceI1

the application fee that would, but for this regulation, be payable for the second application (“the usual fee”) is less than the application fee paid for the first licence, the application fee for the second application is 25 per cent of the usual fee;

the usual fee is greater than the application fee paid for the first licence, the application fee for the second application is the usual fee less 75 per cent of the fee paid in respect of the first licence.