Metal Dealers Licence
A licence is required for carrying on business as a scrap
merchant whose annual turnover is below a certain prescribed
limit.
In terms of the Act a person carries on business as a metal dealer
if he carries on a business which consists wholly or partly of
buying and selling for scrap old, broken, worn out, defaced or
partly manufactured articles made wholly or partly of metal
(whether the metal sold is in the form in which it was bought or
otherwise).
Metal dealers are required to hold licences, keep records in a
specified form and to retain metal acquired for certain specified
periods.
Metal dealers exemption warrant
An exemption warrant is issued by the Licensing Authority if a
metal dealer produces a certificate by the auditor of the
metal dealer's business stating that, in a financial year ending
the period of 18 months immediately preceding the production to
them of the certificate, the total amount received by the
dealer in respect of metal sold or supplied by him, without
any deduction being made, exceeds £100,000 or such other sum
as may be substituted for that sum by order made by the Secretary
of State.
