Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) For section 85A of the Act, this section sets out when a warehouse licence charge in respect of the grant of a warehouse licence must be paid.
Warehouse licence comes into force on 1 July
(2) For a warehouse licence that comes into force on 1 July in a financial year and for which the amount of the warehouse licence charge is worked out under section 6D of the Customs Licensing Charges Act 1997 , the charge must be paid:
(a) in full before the end of that 1 July; or
(b) in 4 equal instalments, before the end of that 1 July and the end of 1 October, 1 January and 1 April in that financial year.
Warehouse licence comes into force on another day
(3) For a warehouse licence that comes into force on a day in a financial year other than 1 July and for which the amount of the warehouse licence charge is worked out under section 6D of the Customs Licensing Charges Act 1997 , the charge must be paid in accordance with the following table:
Payment of warehouse licence charge | ||
Item | If the warehouse licence comes into force ... | the warehouse licence charge must be paid ... |
1 | after 1 July and before 2 October | either in full before the end of the day the licence comes into force, or in the following instalments: (a) 1 / 2 of the amount of the charge before the end of the day the licence comes into force; (b) 1 / 4 of the amount of the charge before the end of the next 1 January; (c) 1 / 4 of the amount of the charge before the end of the next 1 April. |
2 | on or after 2 October and before 2 January | either in full before the end of the day the licence comes into force, or in the following instalments: (a) 3 / 4 of the amount of the charge before the end of the day the licence comes into force; (b) 1 / 4 of the amount of the charge before the end of the next 1 April. |
3 | on or after 2 January and on or before 30 June | in full before the end of the day the licence comes into force. |
Election to pay in full or by instalments
(5) If, under this section, a warehouse licence charge may be paid in full or in instalments, the person or partnership liable to pay the charge must, by notice given to the Comptroller - General of Customs, elect to pay the charge in full or in instalments.