Fees

The Authority has published a Fees Order which came into force on 26 October 2015. The Fees Order will apply a registration fee to all designated businesses (except for Specified Non Profit Organisations) and an annual fee to those businesses overseen by the Authority, (also except for Specified Non Profit Organisations).

Where a designated business is overseen by a professional body, the annual fees are payable to that body at the rates set by that body.

Designated Businesses (Fees) Order 2015

Designated Businesses (Civil Penalties) Order 2015

The published annual fees for professional bodies as at 9 November 2015 are detailed below:

ICAEW member firms who elect to be overseen by the ICAEW:

  • Sole trader: £150
  • 2 – 5 employees: £350
  • 6 – 15 employees: £750
  • 16+ employees: £1,000

ICAEW non-member firms who elect to be overseen by the ICAEW:

  • Sole trader: £500
  • 2 – 3 employees: £770
  • 6 – 15 employees: £1,450
  • 16+ employees: £2,100

ACCA member firms who elect to be overseen by the ACCA will be charged a fee per visit rather than on an annual basis:

  • A firm with 1 or 2 principals: £450 per visit
  • A firm with 3 or 4 principals: £900 per visit
  • A firm with 5 or 6 principals: £1,400 per visit

IOM Law Society member firms who elect to be overseen by the Law Society:

  • Sole trader: £150
  • 2 - 5 members: £350
  • 6 - 15 members: £750
  • 16+ members: £1000