Smith & Williamson has posted fee income of £222.5m in the past year ending April 2016, during a period of further investment. Fee income increased 3.4% in 2016, from 215m. Net...
HMRC has approved AAT’s students and professional members to claim tax relief on their annual membership subscription fees.
You can claim tax relief on your subscription if you must have membership to do your job or if it’s helpful for your work. You can’t claim tax back on:
- Life membership subscriptions
- Fees or subscriptions you haven’t paid for yourself (eg if your employer or training provider has paid for them) or if you initially paid and were subsequently reimbursed by your employer
- Subscriptions for AAT Bookkeeping short qualifications
How to claim
If you’re not required to fill in a tax return, you can get tax relief for your allowable expenses by completing the P87 tax relief form online.
For more information, go to GOV.UK for appropriate forms and information regarding tax relief. Note that AAT currently appears as “Accounting Technicians Association of” on the approved list of professional organisations.
Source: AAT News