I am sure that many readers will sing along with this version of the old George and Ira Gershwin classic.
The 2015 levy invoices will be mailed by 30 September 2015 and will be payable no later than 31 October 2015.
All authorised FSPs, in other words, active FSPs on record at the Registrar’s office as at 31 August 2015, will be legally liable to pay levies. It is therefore very important that your records at the FSB are up to date and accurate at the end of August.
- Update your representative register on the central register (all enquiries relating to representatives register must be emailed to: email@example.com and firstname.lastname@example.org;
- Inform the FSB in writing if you have discontinued your business, merged with another company, work for somebody else or have stopped doing business and would like to lapse your licence. All lapse requests must be e-mailed to email@example.com.
- If you wish to retain your licence, even though you are not operating, you are still liable to pay the annual levy.
FSB banking details
Those who pay via EFT should note that the FNB account, used previously, was closed and should not be used for payment of levies. All payments should be made as per banking details which will be provided in the FSB’s statement or invoice to you.
To establish what you are likely to pay, please make use of my colleague, Paull Lawrence’s Levy Calculator.
We end with a spoonful of sugar to help the medicine go down: according to the levy notification, SARS confirmed that the levy is tax deductible.