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Regulation 18 Late payment of annual fees

Original text. Later amendments are not shown.

(1)

Where the annual fee for a marketing authorisation or product licence has not been paid by the end of the period of 30 days from the due date, a further fee, calculated in accordance with the provisions of the following paragraphs, shall be payable.

(2)

The further fee referred to in the preceding paragraph shall be an amount equivalent to—

(a)

1% of the annual fee payable if payment is made after 30 days and before 61 days;

(b)

2% of the annual fee payable if payment is made after 60 days and before 91 days; and

(c)

5% of the annual fee payable if payment is made after 90 days.

(3)

In calculating the sum due under the preceding paragraph the further fee payable shall in all cases be rounded up to the nearest £10.

(4)

Where the holder or former holder of a marketing authorisation or product licence has not furnished evidence of his annual turnover in accordance with the provisions of Part I of Schedule 3 so that the annual fee payable cannot be determined before the due date, he may make a payment of an amount on account of the annual fee payable by him (in this regulation referred to as a “payment on account”).

(5)

Where the holder or former holder of a marketing authorisation or product licence has made a payment on account in the circumstances mentioned in the preceding paragraph the further fee payable by him shall be calculated as if, in paragraph (2) above, the reference to the annual fee payable were to the difference between the payment on account and the amount of the annual fee as subsequently determined.

(6)

In regulations 16 to 18—

(a)

“due date” means the date upon which an annual fee became payable following written notice from the relevant authority; and

(b)

references to a period calculated from a day are references to the period inclusive of that day.