Notice of MRO fees from April 2020
Published: 28 February 2020
Earlier this month, MedCo provided users with an update on the review of the Charging Policy. You can read the full Executive Chair update here.
MedCo has surveyed users on changing its charging structure. It is currently collating and considering the responses. At present it is anticipated that changes to the Charging Policy may be made in the Autumn – appropriate notice will be given once the policy is set. Whilst this fee is stated to be an “annual fee”, you should note that it may be subject to change. Any fee that you have paid already will be taken into account at the point that any change is introduced and MedCo will contact you nearer the time to confirm how that will be calculated.
You are hereby given notice that for MROs, the subscription fee from April 2020 will be as follows.
The standard MRO subscription fees from April 2020 will be unchanged. For high volume national MROs an abatement of 13% will be applied and for regional MROs a 30% abatement will be applied to the renewal fees from April 2020.
So, you are hereby given notice that abated renewal fees commencing in April 2020 will
- for High Volume National MROs - £120,000.00 plus VAT
- for Regional Based MROs - £12,000.00 plus VAT.
The subscription fees for new MROs from April 2020 will be:
- for High Volume National MROs - £150,000.00 plus VAT
- for Regional Based MROs - £20,000.00 plus VAT. £ +VAT.
A copy of the new Charging Policy can be found here.