You say that you loose 500 because you insist on keeping your UK licence. Since country of licence issue makes no difference under JAR-FCL, why do you insist on having "UK CAA" on your licence and not "IAA". I can't see any reason.
Regards,
DFC
Maybe, like me, he has a UK CAA ATPL with 4 years left to run before it expires and yet I am told by Ryanair that I must have an Irish licence by the end of October 2009 or pay 500 euros.
It's not a TV licence and there's no refund for any unused portions I'm afraid !
Maybe now you can see a "reason" ......