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HMRC approves professional bodies that meet the statutory criteria so that individuals can obtain tax relief on their annual subscriptions. Employers may also obtain a dispensation to avoid the need to report subscriptions they pay on behalf of employees.

The full list of professional bodies that have HMRC approval is published in List 3. The list has been updated and is now current as at the end of May 2008.

Further information:
List 3: Deduction for fees and subscriptions paid to professional bodies or learned societies

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The UK Payroll News is sponsored by HRD & Payroll Solutions

Written by Ian Congreave - Payroll writer and lecturer

Filed under: Professional Fees and Subscriptions on July 7th, 2008

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