Professional subscriptions

Professional subscriptions

Professional subscriptions
Your limited company can pay the professional subscriptions of its directors and employees if they are relevant to your job and on HMRC's approved list.
 
For example, if you have a company that provides legal advice, the company can pay for your employees' subscription to the Law Society but not a subscription to, say, the British Baking Society.

Please see HMRC's list of approved professional organisations to see if your professional subscriptions could be put through your company.

Please note that you cannot claim relief against your tax code or in your personal tax return for subscriptions that a company has already paid on your behalf.

    • Related Articles

    • Claiming Expenses

      Claiming Expenses As a sole trader you are able to include a deduction for expenses which have been incurred wholly and exclusively in respect of your trade. These expenses will reduce your profits chargeable to tax. Common expenses claimed by sole ...

    • What insurances do I require?

      Professional Indemnity Insurance Professional indemnity insurance protects you against your legal liability for losses suffered by your customers as a result of your negligent advice. It is legally required in certain professions, such as law, ...

    • Medical expenses

      Medical benefits A company can provide several tax-free medical benefits to its employees that are tax-free. They all have various conditions to be classified as exempt from tax. Free medical check-up An employee is permitted to have one free medical ...

    • Other Insurances to consider

      Public liability/indemnity insurance You are legally required to have business insurance to cover you and your customers risk in the event of being sued for damages. Tax investigation protection If you are unlucky enough to be investigated, the right ...

    • Tax Investigation Protection - Scheme Details

      Tax Investigations Service Summary Our Tax Investigations Service is fully backed by an Insurance Policy, which the practice has taken out with Markel. The Service covers the 12 month period from sign up and payment and we are able to make a claim in ...