Subscriptions and Tax- P11d's

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:08AM in AAT student discussion
It's got to that time fo year where I have to compile data for my P11d's.<BR><BR>I have a question about our annual fees. From our point of view, I know that annual subs to bodies such as the AAT can give rise to a tax relief. However If your employer reimburses you for these subscription costs, then you haven't incurred the costs and hence I assume cannot claim this tax adjustment?<BR><BR>Taking the query further - what would happen then in regards to P11d's if the employer reimburses staff for subscriptions? Would a P11d and Class 1a NIC liability arise?<BR><BR>Very confused. The IR website has pages that refer back to each other and eventually the nearest I can find is a list of bodies that they will allow you to have tax exemption from (if you pay for it that is) and I can't find out about the employers/p11d side of it.<BR><BR>Please help!!<BR>Tori.<BR>

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Subscriptions and Tax- P11d's

    No - professional subscriptions are always allowable for tax. There is no "benefit" that arises and you are not taxed on them. <BR><BR>Your employer will re-imburse you as they will get tax relief on the value of the AAT subs. If, however, you were a member of a golf club (say), and your employer paid your subs on your behalf, then this would give rise to a taxable benefit as this type of subscription doesn't relate to your employment.<BR><BR>You won't get any sort of tax relief because ultimately you don't pay the fee so you don't have to put this on your P11D. For example, my employer pays my AAT and ACCA subscriptions and I don't even fill out a P11D.<BR><BR>Hope this helps.<BR><BR>Steve.

Categories

Privacy Policy