Professional Subscriptions?
katkrazi78
Registered Posts: 3 New contributor 🐸
I am doing the CYE exam today and I am so confused about Profesional Subscriptions. I have conflicting information in my notes and am still unsure which line I would put the amount paid on in section M on the P11D.
Do I put not approved by HMRC subs in line one and approved subs in line two or are the approved subs not entered on the P11D at all?
Please help!!!!
Do I put not approved by HMRC subs in line one and approved subs in line two or are the approved subs not entered on the P11D at all?
Please help!!!!
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Comments
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Might be too late but Section M would only be used for professional memberships and bodies which are listed as approved. Professional subscriptions, if i remember, are Class 1A so would go in the first line but thats a decision you have to make.
Unapproved bodies would be lsited in Section B, Payments made on behalf of employee.
Good luck0 -
Thanks, just in the nick of time
I still hope it's not on the exam!0