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What fees and subscriptions are allowable for an employee for tax purposes?

A fee or sub is allowable if:

  • it appears in this list and is a statutory fee or contribution where employees pay this out of their earnings from an employment and are required to pay this as a statutory condition of their employment; or
  • it is an annual subscription to a body where employees pay this out of their earnings from an employment and the activities of the body are directly relevant to the employment; or
  • where the activities of a body are directly relevant to an employment where the performance of the duties of that employment is either:
    • directly affected by the knowledge concerned
    • involves the exercise of the profession concerned.

Article extracted from ACCA “In Practice” Newsletter