Members Annual Return 2015

FAQS
Members Annual Return 2015
When do I have to pay my annual subscription?
Payment is due by 1 January 2015. Please note members
who do not pay their subscription on time may be required
to pay an administration fee of £50.
When do I have to submit my annual return?
Submission is due by 1 January 2015. Please note members
who do not submit their annual return on time may be
required to pay an administration charge.
How do I change my subscription rate?
If you think the subscription rate that you are on is
incorrect, please contact Central Registry by email
[email protected] or telephone +44 (0)131 347 0314.
Do new members have to pay the annual subscription?
Yes, all members have to pay their 2015 annual subscription
in full even if you only became a member as late as October,
November or December 2014.
How long does it take to update my address details?
Changes to your surname and business address details
require validation by ICAS before updating on the website.
Please allow 3-5 working days for details to be updated.
You may continue to complete your annual return and make
payment of your fees during this time.
How do I know my annual return has been submitted?
When you submit your annual return, your browser should
inform you that it is ‘Submitting your Annual Return’ with a
message across your screen before redirecting you to your
renewal invoice. You will also be sent a confirmation email
to the email address we hold for you. At a later time when
you log back into your account you should be able to see the
statement ‘You have already submitted your annual return’
under the ‘Complete Annual Return’ tab.
How do I make payment of my annual subscription?
To make payment of your annual subscription and
regulatory fees online you are required to first submit your
2015 annual return. Once you have completed and submitted
your annual return you will be re-directed to a secure
online payment facility where you can also find details on
alternative methods of payment.
Having problems paying over the holiday closure?
It should be noted that ICAS will be closed for business
from Tuesday 23 December 2014, reopening on Monday 5
January 2015. Should you experience difficulties completing
your annual return or making payment online during this
time, please email [email protected]. We will
contact you upon our return to resolve any issues and no
late penalty will be applied. However, if we are not notified
of any issues regarding your online account, a late payment
administrative fee of £50 may be applied.
How do I get an invoice?
You may print a copy of your invoice once you have
submitted your annual return. After submission, you will be
re-directed to the renewal invoice screen where there is a
‘Print Renewal Invoice’ button. Alternatively at a later date,
you can log back into your account, and go to ‘My Profile
Hub’, select ‘Complete Annual Return’ and click on the
‘Print/Re-print invoice’ button.
How do I get a receipt for my payment?
You may print a receipt once full payment of your annual
subscription has been made by selecting the ‘Print Paid
Invoice’ button. (For credit/debit payments, you will be
notified via email that payment has been successful). You
can log back into your account at any time, and go to ‘My
Profile Hub’, select ‘Complete Annual Return’ and click on
the ‘Print/Re-print invoice’ button.
Do I pay VAT on my annual subscription?
Your Annual Subscription is exempt from VAT as it is a
subscription fee for a membership body.
What is the Public Disciplinary Scheme Levy? (previously
called “the AADB Scheme”)
ICAS is a member of the Financial Reporting Council’s
Accountancy Scheme, which is responsible for the
independent investigations and disciplinary action in
relation to matters which give rise to serious matters
affecting the public interest in the UK. ICAS is under an
obligation to be a member of such a Scheme by virtue of
the Companies legislation. In terms of the ICAS Rules,
the FRC Accountancy Scheme is referred to as “the
Public Disciplinary Scheme”. ICAS is required to fund
the investigation and discipline costs of those Public
Disciplinary Scheme cases which involve an ICAS Member
or Firm and a Public Disciplinary Scheme levy is applied
to all “active members”, namely members in the UK (also
encompassing Channel Islands, Northern Ireland and the
Isle of Man) who are in current employment and/or who are
providing professional services or advice (either paid or
unpaid). It excludes overseas members, members who are
fully retired, on a career break or unemployed.
Do I need to pay the Public Disciplinary Levy (PDSL)
for 2015?
Having reviewed the current risk exposure of ICAS in
relation to the Public Disciplinary Scheme, Council remains
content that there are sufficient reserves built up from prior
years to meet the expected costs of the outstanding cases
in 2015, as well as a reasonable contingency should any
new cases arise during the course of the year. Accordingly,
a nil rate will continue to apply to the Public Disciplinary
Scheme levy for this year. Council will review the position
for 2016 having regard to the caseload at the relevant time
and therefore the Public Disciplinary Scheme levy may be
increased again for future years.

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