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Professional Bodies – Tax Relief!

Ten Facts You Might Not Know About Stamp Duty

If you pay subscription fees to a professional body, you may be able to claim tax relief on the costs (and go back for up to four years if you have not made a claim for earlier periods).

Some taxpayers may be required to pay membership fees to a professional body to enable them to do their job, and for others it is helpful for their work –in both instances, many of these are allowable for tax deduction.

HMRC’s website has a list of their approved professional bodies, which shows the subscriptions which may be tax deductible.

HMRC are always looking to keep this list up to date, and some of the latest additions include ASiT (The association of Surgeons in Training),CIPHE (The Chartered Institute of Plumbing and Heating Engineers) and ITP UK (Interpersonal Psychotherapy UK).

If you don’t complete a tax return, claim via Form P87.