issue of a simple payment licence to those who have held one in the 12 months before the issue  date of the new licence (regulations 4(b) and (d)). The scheme has also been amended to take  account of the new licence fee of £157.50 applicable from 1st April 2020. The regulations allow  for the duration of the licence to be shortened to reflect the fact that it has been purchased on any  date later than the due date. This allows the duration of the licences to be set to ensure that all  periods of licensable activity are paid for.  An impact assessment has not been produced for this instrument as there will be no impact on the  private sector and negligible impact on the voluntary sectors is foreseen.  © Crown copyright 2020  Printed and published in the UK by The Stationery Office Limited under the authority and superintendence of Jeff James,  Controller of Her Majesty’s Stationery Office and Queen’s Printer of Acts of Parliament.  £4.90  UK202002181003 02/2020 19585  http://www.legislation.gov.uk/id/uksi/2020/160  ISBN 978-0-11-119328-0