Regulation 5 Amendment of the 2005 Regulations with effect from 1st April 2017

In regulation 6 of the 2005 Regulations (the amount payable) for paragraph (2) substitute—

“(2)
This is the table for the administration levy for the financial year ending with 31st March 2018 and for each subsequent financial year—

Column 1 Column 2 Column 3
Number of members on the reference day Amount of levy calculated by reference to number of members (M) Minimum amount of levy

2 to 11 £49
12 to 99 £4∙88 x M
100 to 999 £3∙52 x M £490
1,000 to 4,999 £2∙74 x M £3,520
5,000 to 9,999 £2.07 x M £13,700
10,000 or more £1∙45 x M £20,700

”.

Column 1	Column 2	Column 3
Number of members on the reference day	Amount of levy calculated by reference to number of members (M)	Minimum amount of levy
2 to 11		£49
12 to 99	£4∙88 x M
100 to 999	£3∙52 x M	£490
1,000 to 4,999	£2∙74 x M	£3,520
5,000 to 9,999	£2.07 x M	£13,700
10,000 or more	£1∙45 x M	£20,700