How much does a TV License cost?

The cost of a TV License in the UK is £157.50 for a standard color TV License and £53 for a black and white TV License. This amount is set by the government and is subject to annual review. The license fee provides funding for the British Broadcasting Corporation (BBC) and ensures the provision of television, radio, and online services in the UK. Payment can be made annually, semi-annually, quarterly, or monthly, depending on your preference. Failure to have a valid TV License when watching or recording live TV or using BBC iPlayer may result in legal consequences, including fines up to £1,000. Exemptions or discounts are available for certain individuals, such as individuals aged 75 or over, individuals who are visually impaired, and individuals residing in certain types of care homes.