Regulation 15 Fees payable by holders of certificates
(1)
Subject to paragraph (2) below, there shall be payable by the holder of a certificate of registration a fee of £15 in respect of each fee period during any part of which the certificate is in force.
(2)
No fee shall be payable under paragraph (1) above in respect of the fee period during which a certificate of registration is first granted.
(3)
For the purposes of this regulation, “fee period” means the period beginning with the coming into force of these Regulations and ending on 31st March 1994 and subsequently, the period beginning with the first day of April in any year and ending with the last day of March in the following year.