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General Expenses, Benefits & Reward News
Approved professional organisations and learned societies (list 3) 9 April 2020
HMRC has updated the list of professional bodies and learned societies (also known as List 3) with tax-deductible fees.
For some professional organisations, members can claim tax relief on fees or subscriptions.
List 3 shows all organisations whose members qualify for a tax deduction on professional fees and subscriptions pertaining to that organisation.
The list is updated periodically and includes all bodies approved by the commissioners for HMRC.
HMRC has confirmed that there has been one addition to the list, as follows:
Additions (with effect from 6 April 2019)
The Controlled Release Society (CRS)
Professional organisations can apply for approval for tax relief using form P356.
CIPP comment
The CIPP appears on list 3, which means that any self-funding members can claim tax relief on their membership fees. The CIPP is listed under ‘P’ under the title ‘Payroll Professionals Chartered Institute of (new title from 10 November 2010 formerly Institute of Payroll Professionals)’.
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The CIPP’s OpRA factsheet is now available 21 April 2020
The CIPP aims to equip payroll professionals with the knowledge that will allow them to confidently process payroll, and to deliver information that relates to a wide variety of payroll elements, as the role the department plays within businesses becomes increasingly complex. The CIPP’s latest factsheet provides an overview of Optional Remuneration Arrangements (OpRA) which is easily digestible and can be printed off.
The factsheet is divided into sections, including:
What is OpRA? What changed?
• • • •
What is ‘grandfathering’?
Benefits now subject to OpRA rules
• Benefits that retain salary sacrifice advantages
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The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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