Paragraph 36 Application for a wholesale dealer’s authorisationI1

The fee for an application for a wholesale dealer’s authorisation is—

If the applicant paid a fee of £635, he shall send a declaration of his turnover for the first year of trading on the anniversary of the grant of the authorisation, and if the figure is more than £40,000 he shall pay the balance of £915 within 30 days.

If the applicant paid £1,550 but his turnover for the first year of trading was lower than £40,000, if he sends a declaration certifying the turnover, the Secretary of State shall refund the excess.

Nothing in this paragraph limits the powers of an inspector to examine financial records.

For the purposes of this paragraph, “turnover” has the same meaning as in paragraph 38.