|Number of Staff||Fee|
|25 or more||£2,576|
Number of staff
An annual fee is not payable by a firm in or for the same calendar year in which it is registered. The annual fee will be calculated on the same basis as in the table above.
Reduction of fees
Any Registration fee or annual fee will be reduced in the following circumstances:
- by 50% where the business fulfils one of the conditions set out under a) and b) below:
- by 75% where the business fulfils both of the conditions set out under a) and b) below:
a) the business holds or is deemed to hold a licence, consent, registration, permission or authorisation from the Commission under any of the regulatory Laws;
b) the business is a member of a group of companies where one or more other members of that group are also under an obligation to pay a fee to the Commission under the Regulations.
In accordance with the 2017 Fee Rate Proposal consultation document, a penalty fee has been infroduced across all sectors where firms do not settle their invoice by the 31 January 2017 deadline. The penalty fees are £125 for the first month, £250 for the second month and £375 for the third and any sebsequent month.