The cost of Beamin’ is £20 per week plus a one-time £50 joining fee, which is taken from your Flat Rate VAT benefit (your Beamin' boost pot). If there aren’t enough funds to cover the joining fee in one go, it will be deducted over the following weeks until fully paid.
You’re only charged the £20 weekly Beamin’ fee if you have worked that week. If you don't work, you don't pay.
If you qualify for the Flat Rate VAT Scheme, there will be an additional £7.20 fee to cover the cost of Beamin' experts managing your VAT.
There is a £240 annual Self-Assessment fee; however, if you meet the qualifying criteria of working 15 paid weeks, this is completed free of charge.
The great thing about Beamin’ is that the product fee is tax deductible, which means you’ll likely benefit from an average 30% tax deduction. Effectively, it costs around £18 a week, and on average, drivers have £1,500 more per year in their Beamin' pot.