The Medicines (Products for Animal Use — Fees) Regulations 1995

PART II Calculation of Annual Fees

1.  In the case of a company with a turnover of £2,800,000 or over, the fee payable shall be £155 (previously £150) for each marketing authorisation or licence held, plus £16,800, plus 0.40% of annual turnover in excess of £2,800,000.

2.  In the case of a company with a turnover of less than £2,800,000, the fee payable shall be £205 or 0.60% of annual turnover, whichever is the greater except that a company with no turnover shall be exempt from any annual fee.

3.  For the purpose of calculating annual turnover the provisions of Part I of this Schedule shall apply.

4.  The amount payable by way of annual fees in accordance with this Schedule shall, when calculated on the basis of turnover, be rounded up to the nearest £10.

5.  If a marketing authorisation or licence holder does not submit evidence of turnover in relation to the relevant calendar year to the satisfaction of the relevant authority, the annual fee payable by him for that year shall be the sum of £10,000 together with an additional £2,000 for each description of product in respect of which a marketing authorisation or licence is held by the authorisation or licence holder.