Paragraph 8 Fees payable on or after 1st April 2018F1

Each relevant fee is increased by the appropriate percentage on 1st April 2018, and on 1st April in any subsequent year, if the appropriate percentage is greater than zero.

The appropriate percentage is the CPI 12-month percentage rate published for the preceding September.

The amount of any increase is in pounds sterling, rounded up or down to the nearest pound.

In any year, the increase in a relevant fee described in paragraph (1) applies only where the obligation to pay that fee arises on or after 1st April in that year.

In this regulation—

• “the CPI 12-month percentage rate” means the measure of the change in prices between one month and the same month in the subsequent year, published by the Statistics Board, a body corporate established by section 1 of the Statistics and Registration Service Act 2007; and

• “relevant fee” means any fee prescribed in any of paragraphs 2, 3, 5 or 6 of this Schedule.