This return must be completed and received by the treasurer as soon as possible. All referrals must be reported. ALSO NIL RETURNS, where applicable, ARE REQUIRED.
Include BUSINESS referred by an IECnet member on which fees have been received in the year from period 1 Jan 2016 to 30 June 2018.
IMPORTANT: If a member is excluded from payment (see conditions below), he must however still send his Annual Return with all the business details so that IECnet can have a view of IECnet’s global business turnover.
Referral fees are owed for the first 3 YEARS (36 months) of the referred business
- – A referral fee is payble at 5% of the first three years’ fees received from the new business referred by an IECnet member.
- – Although all fees generated from referrals must be reported in the Annual Return, any individual fees under €500 will be excluded from the referral fee calculation but have to mentioned under “FEE RECEIVED NON SUBJECT TO FEES”
- – Although all fees generated from referrals must be reported in the Annual Return, the fees received by a IECnet member of a same country are excluded but have to mentioned under “FEE RECEIVED NON SUBJECT TO FEES”