BUSINESS REGISTRATION FEE
26
WEDNESDAY, MARCH 7, 1990
SIR PIERS PROPOSED TO INCREASE THE BUSINESS REGISTRATION FEE
WHICH WAS TAX-LOADED, $900 WITH EFFECT FROM APRIL 1, 1990. THE FEE, WAS REVISED LAST YEAR TO $630.
TO
HE ALSO PROPOSED TO INCREASE THE PRESENT EXEMPTION LEVELS, RELIEVED BUSINESSES WITH LOW TURNOVER FROM PAYMENT OF THE FEE.
IN FUTURE, A BUSINESS WOULD, UPON APPLICATION, THE FEE IF ITS AVERAGE SALES DID NOT WHERE THE BUSINESS CONSISTED OF RENDERING RECEIPTS DID NOT EXCEED $1,500 PER MONTH.
WHICH
EXCEED
BE EXEMPT FROM PER $5,000
MONTH: OR, IF SERVICES,
ITS AVERAGE
THE
PRESENT EXEMPTION LEVELS HAD NOT BEEN ADJUSTED SINCE SIR PIERS SAID.
1974,
HE ESTIMATED THE ADDITIONAL REVENUE ARISING FROM THE INCREASE IN BUSINESS REGISTRATION FEE TO BE $140 MILLION.
WILL ADDED.
"THE CONTINUE
$100 LEVY FOR THE PROTECTION OF WAGES ON AND IS THEREFORE NOT AFFECTED BY
THIS
INSOLVENCY FUND HE PROPOSAL,"
COMPANY REGISTRATION FEE
TO
SIR PIERS PROPOSED TO INCREASE THE COMPANY REGISTRATION FEE $1,000 FROM THE PRESENT $600, WHICH HAD REMAINED UNCHANGED SINCE 1983.
HE ESTIMATED THE ADDITIONAL REVENUE TO BE $30 MILLION.
BANK AND DEPOSIT-TAKING COMPANY LICENCE AND REGISTRATION FEES
SIR PIERS PROPOSED TO INCREASE LICENCE FEES FOR BANKS OTHER THAN
FOR RESTRICTED
AND THOSE
RESTRICTED LICENCE BANKS BY 22 PER CENT LICENCE BANKS BY 30 PER CENT: AND ALSO TO INCREASE REGISTRATION FOR DEPOSIT-TAKING COMPANIES BY 30 PER CENT.
FEES
HE ESTIMATED THE ADDITIONAL REVENUE ARISING FROM THESE INCREASES TO BE $30 MILLION.
VEHICLE AND DRIVING LICENCE FEES
SIR PIERS PROPOSED TO INCREASE VEHICLE AND DRIVING LICENCE BY 10 PER CENT TO TAKE ACCOUNT OF INFLATION.
FEES
HE ESTIMATED THE ADDITIONAL REVENUE ARISING FROM THESE INCREASES TO BE $150 MILLION.
/PASSENGER EMBARKATION
J