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Approved professional organisations and learned societies (list 3) 15 December 2020
HMRC has made another update to 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, which is as follows:
Additions
Medical Innovation and Technology, International Society
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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Employment Income Manual updated for Cycle to Work Schemes in consideration of COVID-19 04 January 2021 HMRC has updated the Employment Income Manual to cover the main usage test which is applied for cycle schemes considering the impact that COVID-19 has had on thousands of employers requiring employees to now work from home. The update reads: "COVID-19 has changed working practices. Many employees who may have been provided with a cycle or cyclists’ safety equipment have increasingly been working from home. It may not, therefore, be possible for them to meet the ‘mainly for qualifying journeys’ condition necessary for this exemption to apply.
Provided employees have joined a scheme, with a cycle or cyclists’ safety equipment provided to them on or before 20 December 2020, the qualifying journeys condition will not be applied until after 5 April 2022.
Employees who have a cycle or cyclists’ safety equipment provided after 20 December 2020 will need to meet all the conditions for the exemption to apply"
Ordinarily, for the provision of a cycle or cycle safety equipment to be exempt from tax, employees are required to meet the ‘mainly for qualifying journeys’ condition, however, with many employees now home working, the update will
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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