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Regulation 13 Wholesale dealer’s licences: annual fees

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

The holder of a wholesale dealer’s licence, other than one specified in paragraph (2), shall pay an annual fee of £380 following each anniversary of the grant of the licence.

(2)

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 the payment is accompanied by a declaration certifying that turnover, is £185 and shall be payable following each anniversary of the grant of the licence.

(3)

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.