Further information is available in relation to the requirements for both employers and providers, and the evidence that they must collect and retain in the apprenticeship funding rules.
Back to Contents
Approved professional organisations and learned societies (list 3) 30 September 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 amendment to the list, which is as follows:
Amendments
The name of 'Highway Incorporated Engineers Institute of' has been changed to ‘Institute of Highway Engineers’.
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)’.
Back to Contents
HMRC confirms that it has received over 50,000 tax relief claims from those working from home 15 October 2020 Employers are able to pay employees up to a maximum of £6 per week tax-free, in order to cover additional costs that they may have incurred as a result of working from home. This figure has been applicable since 6 April 2020, and HMRC has confirmed that it has received in excess of 54,800 claims from individuals wishing to claim this tax relief for working at home through a new online portal, which can be used where employers have not paid their employees the home expenses payment directly. This figure was observed in the period between 1 October 2020 and 11 October 2020. An online portal, which was launched on 1 October 2020, allows employed workers to process tax relief on additional expenses where they have been instructed by their employer to work from home to help in stopping the spread of coronavirus. Any employees who have not received the working from home expenses payment directly from their employer can use this portal to receive the tax relief from HMRC instead. The tax relief is calculated at the rate at which they pay tax, so for employed workers who ordinarily pay the basic rate of tax of 20%, they would receive £1.20 a week in tax relief to help towards their household bills. Any individuals paying the higher rate of tax at 40% would receive £2.40 a week. Over the duration of a full year, this means that employees could reduce the tax they pay by £62.40 (20% taxpayer) or £124.80 (40% taxpayer).
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
Page 328 of 590
Made with FlippingBook - Online magazine maker