(1)The holder of a licence under section 5 or 6—
(a)shall pay a first annual fee to the Commission within such period after the issue of the licence as may be prescribed, and
(b)shall pay an annual fee to the Commission before each anniversary of the issue of the licence.
(2)In this section—
“annual fee” means a fee of such amount as may be prescribed, and
“prescribed” means prescribed by regulations made by the Secretary of State.
(3)Subsection (1)(b) does not apply in relation to an anniversary of the issue of a licence on or immediately before which the licence ceases, by virtue of its terms, to have effect.
(4)The Commission shall pay fees received by virtue of this section into the Consolidated Fund.]
Textual Amendments
F1S. 7A inserted (6.1.2010) by National Lottery Act 2006 (c. 23), ss. 5(1), 22(1); S.I. 2010/2, art. 2