Consultation on PhonepayPlus' Business Plan and Budget 2015/16
10 December 2014
PhonepayPlus, the UK regulator of premium rate services (PRS), today issues a public consultation on its Business Plan and Budget for 2015/16.
In October PhonepayPlus published a new strategic plan 2014-17 which set out a framework for delivering robust, fair and proportionate regulation that benefits consumer protection and growth and innovation in the premium rate services (PRS) industry.
The consultation on the Business Plan and Budget for 2015/16 sets out in more detail how PhonepayPlus will work within the framework of the Strategic Plan, to meet our obligation to ensure consumer protection in the market we regulate. It sets out the resources that we require in 2015/16.
PhonepayPlus is consulting on:
- A budget for 2015/16 which represents a real terms decrease of 2.3% on the previous year.
- An overall proposed cost of PRS regulation estimated at £4,444,075 including VAT.
- Taking into account RPI, we propose an increase in the registration fee from £150 to £155 plus VAT and retention of the current fee exemption structure in support of market growth and innovation.
- The adjusted levy is forecast to fall into a broad range from approximately 0.45% to 0.65%.
The levy banding is deliberately broad at this stage in order to accommodate a number of uncertainties such as market performance and likely fine income levels which will be more fully understood once data is available for the final quarters of the year.
Included in the total overall proposed cost of regulation is the budget for the Registration Scheme which has increased slightly this year by £12,516. This reflects our plan to re-tender the hosting and operations of the Registration Scheme in order to realise a potential reduction in running costs for future years that newer ‘cloud’ database technologies is bringing.
Details of how to respond to the consultation are contained in the final section of the document found at the link below.
The closing date for responses is 28 January 2015. This period of time is such to allow the time necessary to consider fully all responses and to issue a notice to providers in changes to the levy and registration fees in good time for the start of the financial year on 1 April 2015.
The consultation on the Business Plan and Budget 2015/16 can be viewed in full here.
The following consultation responses were received:
Micro Software & Computers
The Mobile Broadband Group