All firms who apply to become a SELECT Member are required to submit an application fee of £300 (plus VAT) with their initial application. Please Note: No refund of the application fee will be made if SELECT have carried out a technical assessment or if the applicant subsequently decides not to pursue it further.
When a firm meets the Membership criteria, they will be issued with an invoice for the current subscription year on a pro-rata basis. Thereafter a Membership Subscription plus a levy on turnover as noted below will be paid on an annual basis from the 1st of January each year.
Turnover Levy 2018
Subject to a minimum turnover levy of £290 + VAT
|0.2450% on first £500,000|
|0.13% on next £1,000,000|
|0.03% on next £5,000,000|
|0.15% on the remaining balance|
The Membership rates, which are approved at the Annual General Meeting of the Association, are as follows:
Membership Subscription 2018
|Member (with the right to nominate one Principal Representative)||£290 + VAT|
|For each additional or Associate Representative||£150 + VAT|
Any firm with a turnover of less than £107,000 per annum are required to pay the minimum subscription as per the example below:
Turnover levy @ 0.2450% £290
£580 plus VAT (£696 including 20% VAT)