Income tax relief
Tax Relief Notice
The Inland Revenue has agreed to allow tax relief on all membership subscription fees, including division, section, special group and journal payments.
Below is an extract from the Inland Revenue to the Marketing and Promotions Officer dated 4 March 2004:
'Approval under Section 18 Finance Act 1958 (now Section 344 of the Income Tax (Earnings and Pensions) Act 2003) was granted to the Society in 1959. This means that members may claim tax relief for their annual membership subscriptions (core subscription). It has been decided that this approval should be extended to include any additional annual subscription for membership of a division, section or special group. The extension also includes any additional subscription paid by members for any of the Society's publications.'
To claim, you should either list these payments in your annual tax return or write to your tax office with details of the total amounts paid, what they were and your membership number. Your tax code will be adjusted accordingly.
For more information on how to claim, contact our Subscriptions Department:
Tel: +44(0)195 221 4066
Email: [email protected]