HMRC has published the latest version of its list Approved professional organisations and learned societies.
Fees or subscriptions paid to professional organisations and societies that are approved by HMRC as tax-deductible, provided the membership is necessary or relevant to the taxpayer’s work.
HMRC notes that an individual cannot claim tax relief for fees or subscriptions paid to professional organisations not approved by HMRC, or for life membership subscriptions, or for fees or subscriptions they haven’t paid themselves (e g. where their employer has paid them).
For some organisations, it may be possible to reclaim tax on annual subscriptions for their journals or other publications. These are indicated on the list. HMRC has updated the list of professional bodies and learned societies (also known as List 3) with tax-deductible fees.
List 3 undergoes periodic updation and includes all bodies approved by the commissioners for HMRC. The British Institute of Kitchen and the British Veterinary Orthopaedic Association have been added to the list and the Educational Institute of Scotland has been amended.
Professional organisations can apply for approval for tax relief using form P356.
Any questions? Schedule a call with one of our experts.
Sumit Agarwal Sumit Agarwal (ACMA ACA India), the Managing partner of dns accountants is a highly respected accountant with expertise in helping owner-managed businesses.
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