7th June 2008, 05:48 PM
Quote:quote:Originally posted by Unitof1
Does that mean that if you have your fee paid for you, you have to declare that as an earning or that you could claim a tax rebate?
Like all things that come gift wrapped, there are often strings attached. I believe (and I don't work for C&R so shouldn't be quoted) that tax relief can only be claimed on payments that you have made yourself.
If your employer gives you the cash to pay your subs, that money should be part of your taxable income, but having paid the tax you can then claim it back.
But having looked up this subject I have discovered that it is not just IFA subs which you can claim relief for. Look at this link for all kinds of archaeological societies, field clubs etc whose membership warrants tax relief....
http://www.hmrc.gov.uk/list3/list3.pdf