7th June 2008, 08:51 AM
Quote:quote:Originally posted by Unitof1
I have tried going through the charity accounts but descriptions such as Subscriptions or Legal and Professional fees does not make it very clear whether this is the standard practise in the charity units. All self-employeds would put it in under legal and professional fees as an expense before tax
Customs and Revenue recognise IFA membership subscriptions as a legitimate expense before tax for [u]all</u> IFA members, not just the self-employed. Anyone who wishes to claim should contact their tax office. I believe you can have the agreed amount added to your tax coding if you are on PAYE or don't want the bother of making a post-payment refund claim.