I would even pay £500 for a 5 years FAC. It is a good way of rooting out those who fire one or two rounds a year (probably in a shooting club) just to renew the license and keep firearms at home. My police authority has been very fair to me and I had no problems whatsoever in obtaining or renewing my FAC as they can see that I have a genuine reason for keeping firearms. I would however keep the fees as low as possible to those who need an FAC to make a living, e.g. farmers, gamekeepers, etc.