Grant of licence
(1) Subject to subsection (2A), a warehouse licence charge is payable in respect of the grant of a warehouse licence by the person or partnership seeking the grant.
(2) A person or partnership liable to pay a warehouse licence charge in respect of the grant of a warehouse licence must pay the charge in accordance with section 85A.
(2A) A warehouse licence charge is not payable in respect of the grant of an excise - equivalent warehouse licence.
Renewal of licence
(3) A warehouse licence charge is payable in respect of the renewal of a warehouse licence by the holder of the licence.
(4) The holder of a warehouse licence liable to pay a warehouse licence charge in respect of the renewal of the warehouse licence must pay the charge in accordance with section 85A.