Professional Bodies Pre-Approved for Tax Deduction

An updated list of professional bodies or learned societies recognised for income tax deduction has been published by HMRC. Fees or subscriptions can be reclaimed for tax if membership is either obligatory or helpful for doing ones job, but only if paid by the taxpayer, not the employer.
The list is very comprehensive and is published under HMRC’s power to approve bodies for tax relief on annual subscriptions, Income Tax (Earnings & Pensions) Act 2003 s.344(3).
HMRC’s list gives the impression that tax deduction can only be claimed for organisations on its list. But that is not quite what the law says, as deduction for other bodies can be claimed under ITEPA s.344(1)-(2), its just that HMRC would likely need some persuading if an organisation is not on its pre-approved list.

Eamon McNicholas
Tax Barrister, Accountant
http://www.EamonMcNicholas.com

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About Eamon McNicholas

Tax Barrister, Accountant www.EamonMcNicholas.com
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