Updated 8th August 2014.
You need to be covered by a valid TV Licence if you watch or record TV as it's being broadcast. This includes the use of devices such as a computer, laptop, mobile phone or DVD/video recorder. However, in certain circumstances it is possible to reduce the amount you pay….
The TV Licence is in essence a tax and currently stands at £145.50 per annum for a colour TV Licence and £49 for a black and white licence. However there are concessions for certain eligible groups such as the registered blind who get a 50% discount while people over 75 do not have to pay anything at all. These groups should ensure that they apply for the discount/exemption they are entitled to.
But just as important if, for example, a relative is living with you who is over 75, then by registering the TV Licence in their name, rather than your own you could benefit from a free TV licence. Importantly, the relative must live in the same building as you and not an annex or separate building. For full eligibility criteria follow this link to the TV Licensing web page. This is a tax benefit that your relative is entitled to so why should they lose out just because you have the decency to look after them? So make sure that if someone who lives with you is eligible for a discount that you claim it! And as one Licence can cover an entire household, everyone who lives there can benefit.
And Students, if you move home or leave your halls of residence and there is at least 3 months left on your TV Licence you can claim a refund.