Amount payable by each leviable body
Determining the amount of the levy for each leviable body3
1
2
Where a body becomes a leviable body in the course of any 12 month period (“the initial period”)—
a
no amount is payable by the leviable body under paragraph (1) in respect of the initial period; and
b
the amount that the leviable body must pay to the Board in respect of each subsequent 12 month period is the amount determined for that body under rule 4 only; but
3
The amount that a body would otherwise be required to pay under paragraph (1) is to be proportionately reduced where—
a
before the end of any 12 month period, the body ceases to be a leviable body because its designation as an approved regulator is cancelled by an order under section 45 (cancellation of designation as approved regulator) of the 2007 Act; and
b
the order is made in relation to all the reserved legal activities in relation to which the body was an approved regulator.
4
The Board must notify each leviable body of the imposition of the levy, stating—
a
the amount determined for that body; and
b
the deadline for payment determined in accordance with rule 7.
5
The leviable body must pay to the Board the amount stated in the notice.