Friday, November 26, 2010

Above inflation increase to BW boat licences

British Waterways will  increase boat licence fees by 5.1% from  April — a figure that they say is 2% above the governments Consumer Price Index — and with the increase in VAT next year the increased cost to the boat owner will be more than 7%.

BW say that they they expect this rise to give them an extra £0.85m in 2011/12.

BW propose a raft of other changes to boat licencing that they will introduce after consultation. These will include:
  • Changes to the pricing of short-term licences that will see the cost of a 3 month licence rise from 35% of the annual fee to 60%, 
  • Continuing with the £150 late payment charge but replacing the 'prompt-payment' discount with an 'early-payment' discount (10% discount for payments received two weeks before expiry)
  • Increasing the cost of a replacement index plate to £20 (including VAT).

The Gold Licence will rise by 2.5% plus the increased VAT.

To take part in the consultation go to: Licence consultation document

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