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Income Tax Back for Professional Subscriptions

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Lawyers and other people who pay professional subscriptions are due income tax back.

Do you, or have you during the past six years, been a member of a professional body or learned society?

If you have, then there is a very good chance that you are due a tax refund from the Inland Revenue.

The government offers incentives, in for the form of tax rebates for members of professional bodies or learned societies.

There are a couple of obvious rules that apply, such as '...the activity of the body is directly related to your employment'. However there are quite literally hundreds of different professional bodies that are applicable, ranging from the Society of Chemists to the British Institution of Funeral Directors. The list can be found here.

If you did not realise that you could contact a tax refund service agent to claim your professional subscription against the tax you pay, you could be in for a big windfall as these fees can mount to hundreds of pounds each year. If you multiply the fee by the maximum number of years you can claim for (six), this could result in thousands of pounds of tax back.

Tax Fix operates the cheapest Tax Refund Service. Why not check to see if you are due any Income Tax Back today? Tax Fix works on a 'No tax back, No Fee' basis. So what do you have to loose?



 

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