Original:  The BBC is funded by a mandatory licence fee on all televisions in the UK . The fee is 126.50 a year for colour TV and 42 a year for monochrome TV.
Revised:  The BBC is funded by a mandatory licence fee on all televisions in the U.K . The fee is 126.50 a year for colour TV and 42 a year for monochrome TV.
Edit intent: fluency