Subscription Fees: turnover greater than £2.5M
Subscriptions must be paid on the applicant’s total applicable relevant turnover. Relevant turnover is defined here.
A membership year runs from the 1st January.
Except for bands two and three a subscription is calculated on a scale based on the band in which the applicant’s turnover falls, calculated as a minimum payable on turnover up to the bottom of the band plus an increment payable per £1,000 of turnover (or part thereof) over the bottom of the band. Bands two and three are a fixed fee.
Subscription rates for 2012 are:-
|Band||Turnover in last
|Minimum||Rate per £1,000 of turnover over bottom of band|
|2||Over £2,500,001||£2,995|| Not applicable|
|3||Over £4,500,000||£4,995|| Not applicable|
|4||Over £9,000,000||£13,630||£0.875 per £’000 over £9m & pro rata|
|5||Over £18,000,000||£21,505||£0.625 per £’000 over £18m & pro rata|
|5a||Over £34,000,000||£31,505||£0.425 per £’000 over £34m & pro rata|
NB (1): All subscriptions are subject to VAT
NB (2): 50% discount on learned journal turnover (For definition refer to our Subscription Rules 2012)
NB (3): Publishers joining during the second half of the year pay pro rata on the full subscription fee