How much does it cost?
An Application Fee of £300 plus VAT should accompany an Application for Membership.
Following admission to Membership, an invoice will be issued for the current subscription year on a pro-rata basis and thereafter on an annual basis in respect of the Membership Subscription plus a levy on turnover as noted below. These rates, which are approved at the Annual General Meeting of the Association, are as follows:
Membership Subscription 2013
Member (with the right to nominate one Principal Representative) £275 VAT
For each additional or Associate Representative £150 + VAT
Turnover Levy 2013 - Subject to a minimum turnover levy of £275 plus VAT
0.2420% on first £500,000
0.1220% on next £1,000,000
0.0180% on next £5,000,000
0.0110% on next £43,500,000
Example (minimum subscription)
For members not contributing to the Holiday Welfare Credit Scheme)
Firm with a turnover up to £107,000 per annum would pay a total of:
- Subscription of £275.00
- Levy @ 0.2420% £275.00
- Total £550.0 plus VAT (£660 including VAT)
Example (minimum subscription)
For members contributing to the Holiday Welfare Credit Scheme)
Firm with a turnover up to £107,000 per annum would pay a total of:-
- Subscription £275.00
- Levy @ 0.2420% £275.00
- Discount for Welfare Benefit participation (£110.00)
- Total £440.00 plus VAT (£528 including VAT)
NOTE: MEMBERS CONTRIBUTING TO THE WELFARE BENEFIT SCHEME RECEIVE A 20% DISCOUNT ON THE COMBINED SUBSCRIPTION AND TURNOVER LEVY.
