Regulation 13 Wholesale dealer’s licences: annual fees

The holder of a wholesale dealer’s licence, other than one specified in paragraph (2), shall pay an annual fee of £440 payable on each anniversary of the grant of the licence.

In the case of the holder of a wholesale dealer’s licence who has a turnover in products of less than £40,000 the annual fee for such a licence, if it is accompanied by a declaration certifying the low turnover, shall be £220 and shall be payable on each anniversary of the grant of the licence.

For the purposes of this regulation, “turnover” means the gross value of all authorised or licensed products sold by way of wholesale dealing by the licence holder in the United Kingdom during the previous calendar year.