The Office of Fair Trading (the “OFT”) has increased the level of fees to be paid in relation to merger notifications.
The increased fees (see table below) will apply from 1 October 2012. The fees will vary according to the UK turnover of the acquired enterprise and apply as follows:
Please click here to view table.
The cost of notifying a merger in the UK is now significant. The aim of the increases is to enable the merger control system to achieve a 60% rate of cost recovery. Whilst UK merger control remains a voluntary regime, companies will still need to assess carefully whether a notification is appropriate.