Individuals may obtain tax relief on annual subscriptions to certain professional bodies and learned societies. The application process for such organisations has been amended so that they may now use the secure data exchange service.
Payments by the individual are tax deductible, while direct payments or reimbursements by an employer are tax free.
The approved organisations are set out in List 3 (professional bodies approved for tax relief).
To obtain approval an organisation’s main purpose must be to:
- “share or advance professional knowledge
- maintain or improve professional conduct and competence
- protect members from claims made against them while doing their job”
In addition, the organisation should not be mainly local or carry out its activities for profit.