FEES 4 Annex 3 Transaction reporting fees1

Transaction charge

Number of transactions per annum

Fee per transaction (inc. VAT)

For the first 1,000

0p

1,001 - 1,000,000

3p

1,000,001 - 4,000,000

2.75p

4,000,001 - 8,000,000

2.5p

8,000,001 - 13,000,000

2.25p

13,000,001 - 20,000,000

2p

>20,000,000

1.75p

Firms using the Direct Reporting System software or theTransaction Reporting System will be additionally invoiced for:

(a)

an initial software licence fee of 587.50 (including VAT) for users of the Direct Reporting System;

(b)

an annual enrolment fee of 235 (including VAT) per licence held on 1 April each year for users of the Direct Reporting System; and

(c)

an annual enrolment fee of £235 (including VAT) per registration held on 1 April each year for users of the Transaction Reporting System.