What does the cryptic crossword clue "£25, including fees returned by Mike Carroll? (9)" mean?

This cryptic clue uses wordplay to arrive at the answer. Visit the page for progressive hints — definition, wordplay type, and a full step-by-step explanation.

£25, including fees returned by Mike Carroll? (9)

Times Cryptic #28831 | 10 Across | 2024-02-05

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I haven't cracked this one yet — but the brilliant team at Times for the Times have:

P(DUES backwards)ONY + M from the NATO alphabet. What Lewis Carroll is a DBE for.

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