Regulation 6 Applications made on or after 1st April 2012I1

F1Subject to paragraph (4), the fees payable in respect of applications are to be varied with effect from 1st April each year and the fee to accompany an application made on or after 1st April 2012 is to be determined in accordance with paragraph (2).

The fee payable in respect of an application is to be determined in accordance with the formula—

Where—

• A is the amount that would have been payable had an application of the kind in question been made in the licensing year prior to the licensing year in which the application is made;

• B is the Consumer Prices Index figure^f1 for February in the licensing year immediately before the licensing year in which the application is made; and

• C is the Consumer Prices Index figure for February in the licensing year finishing a year before the start of the licensing year in which the application is made.

In paragraph (2), “licensing year” means a period of 12 months starting on 1st April.

In respect of applications made before 1st April 2013 and to which regulation 3A or 5(5) applies, paragraphs (1) and (2) apply with the modification that in paragraph (1) “1st April 2012” is to be read as “1st April 2013”.