70Pro‑rating of annual charge

70 Pro‑rating of annual charge

(1) If a facility licence or source licence is to be held for only part of a financial year, the CEO may decide to make a pro‑rata adjustment of the amount of the annual charge for the licence for the year. (2) If the CEO decides to make a pro‑rata adjustment, the amount of the annual charge is: Start formula Number of calendar months for all or part of which the licence is to be held in the financial year times start fraction Amount of annual charge prescribed for the licence by the Licence Charges Regulations over 12 end fraction end formula