Tax relief on membership subscriptions
17-Dec-08
RTPI members, subject to UK tax, are able to claim tax relief on RTPI membership subscriptions.
Please note that the RTPI is unable to offer tax advice, so all enquiries must be made to HMRC.
HMRC will require the following details in writing from members or their employers:
• The date you became a member of the RTPI
• The annual subscription cost (they will need to be advised every time there is a increase in subscriptions to ensure you claim the correct amount)
HMRC will adjust your tax code accordingly, and any relief will be reflected in the salary paid by your employer (if you are self employed then membership subscriptions should be included in your tax return).
Further details are available from the HM Revenue and Customs (HMRC) website - www.hmrc.gov.uk.
- Author:
- CSheridan
- Publisher:
- The Royal Town Planning Institute
- Date:
- 17-Dec-08
- Categories:
- Planners in the Workplace
- Sections:
- Member Services
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Comments (2)
Professional planners in our organsiation have been advised that tax liabilities in respect of our professional fees will be collected from our salaries. Is this correct?
(RTPI Response)
If your employer is providing you with a personal benefit, which can include RTPI subscriptions, medical insurance, etc, then they should declare these payments to the Inland Revenue (according to the Inland Revenue they will need a P11D form or equivalent).
As an employee receiving such benefits your employer should provide you with a copy of this form stating what benefits are provided to you. If the Inland Revenue decides that it is cost effective to recover these costs from you then they will do so, probably by adjusting your tax code rather than bill you direct.
If this is the case then follow the guidance above and contact your tax office to claim tax relief on your subscription,
The Inland Revenue will make the necessary connections between you and your employer and no tax should be paid.
For further guidance contact your employer and tax office.
It would be really useful if the website could have this year's and last year's cost of subsciptions so that it was easy to find when I am filling in my tax return!
(RTPI response)
We agree and it does - a copy of your subcriptions booklet can be found here www.rtpi.org.uk/download/7374/Membership_guide_2010.pdf. As publicised in the booklet, and to members during December/Janauary 2010, subscriptions are held at 2009 levels to help members during the recession. The amount you pay in 2010 is the same as what you paid in 2009 (unless your concession free years put you into a higher bracket).