How do the minimum fee discounts work?

discounts fee minimum
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How do the minimum fee discounts work?

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Firms in more than one fee-block get a 50% discount in any fee-block in which they are liable for only the minimum fee. If your firm is a minimum fee payer in all the fee-blocks it belongs to, you will pay 100% of the highest minimum fee and 50% of the others. This means that a firm will pay proportionate fees if it does a only small amount of business in one or more fee-blocks, in addition to its main source of business.

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From this year, firms in more than one fee-block will receive a 50% discount in any fee-block in which they are liable for only the minimum fee. If your firm is a minimum fee payer in all the fee-blocks it belongs to, you will pay 100% of the highest minimum fee and 50% of the others. This means that your firm will not pay high fees if it does a small amount of business in a fee-block in addition to its main source of business.

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