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Deductible against uk income tax - How do I actually deduct it (or get it back)?
Jim_B_3
Posts: 404 Forumite
in Cutting tax
I have an annual subscription to an allegedly professional institute which comes with "Deductible against UK income tax" written on it.
So far so good; how do I actually get my hands on the cash? The IR website is somewhat vague on how to do this, talking about how to claim back overpayment from wages or savings only.
So far so good; how do I actually get my hands on the cash? The IR website is somewhat vague on how to do this, talking about how to claim back overpayment from wages or savings only.
0
Comments
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You write to your tax office saying you wish to claim for yur subscription to xyz and giving the amount. They will put this amount in your PAYE code number and thats how you get the tax relief - by paing less tax.
If you paid the sub last year, you will need to send your P60 with your letter and tell them how much you paid last year and ask for a refund.£705,000 raised by client groups in the past 18 mths :beer:0 -
If the subscription is relevant to your profession, (not much point trying to claim for institute of architects if you are a car mechanic)
For the first year write to your local tax office giving details of when you joined and the amount you pay and it will be given in your code. after that it will be in your code until you change professions.
Sometimes they will take the details over the phone, but then again they might insist you write in, as its your first time.He's not an accountant - he's a charlatan0
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