Professionals – claim tax back on your membership fees

With the cost of professional membership fees rising each year its worth knowing that you can claim back the tax.

This applies:

• If you need to be a member of a professional body – or sometimes several – in order to do your job, or if it’s helpful for your work. In this case you can legitimately reclaim tax on fees or subscriptions.
• If you paid the fees or subscription yourself (rather than your company paying)
• If your membership is not a life membership subscription.

HM Revenue and Customs (HMRC) operate a list of approved professional organisations.
Check whether your professional body, association or institute is amongst them.

For support or advice on personal taxation email info@tarrantgreen.com or call +44(0)1438 869 644.