mean that those who were entered into a cycle to work scheme prior to the 20 December 2020, will now not need to meet this requirement.
Employers should keep this deadline in mind, as typically benefits are negotiated or amended as the new tax year approaches. Any employee wishing to enter a cycle to work scheme after 20 December 2020 will be expected to meet all conditions necessary for the exemption to apply.
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Approved professional organisations and learned societies (list 3) 8 January 2021
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, and one amendment, as follows:
Additions
Core Technologies for Life Sciences (CTLS), with effect from 6 April 2020
Amendments
The name of ‘Science Council The’ (allow the fee payable for registration as a chartered Scientist (CSci) changed to ‘Science Council The’ (allow the fee payable for registration as a Chartered Scientist (CSci), Chartered Science Teacher (CSciTeach), Registered Scientist (RSci) and Registered Science Technician (RSciTech))
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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Tax treatment of COVID-19 tests 11 January 2021
HMRC has updated guidance in relation to how to treat certain expenses and benefits provided to employees during coronavirus (COVID-19), to include additional information on the tax treatment of COVID-19 tests.
The updated information page confirms that, where coronavirus tests are provided by the government, as part of its national testing scheme, they will not be treated as a benefit in kind for the purposes of tax. What this means is that,
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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