VAT is not payable on Brokerplan Network fees. Brokerplan Network Partners can elect to migrate and upgrade from one package option to another at any time, subject to the payment of the appropriate fee differential.
Business Support also includes daily BDM / general business case support, back office support services, web site / e-mail hosting etc. Also included are FCA fees and levies associated with the provision of Appointed Representative (AR) status and Compliance support (when applicable). The Company reserve the right to increase fees associated with FCA fees and levies to reflect any increase in costs as may be imposed by the FCA.
It is a legal requirement for Brokerplan Network Business Owners, Business Partners, Accountant Plus and Brokerplan Professional Partners to have the relevant FCA Authorisations for credit broking and the appropriate categories of trade. It is a legal requirement for all Network Partners operating under an Independent Brand to have Data Protection Registration with the Information Commissioners Office (ICO).