DID YOU KNOW YOU CAN CLAIM BACK PROFESSIONAL FEES & TOOLS TAX ALLOWANCE?
• Claim a ‘Flat Rate Expense’ allowance £120 for tools
• Claims over £120 are handled a little differently, but you can still claim around 20% of the amount back
• If you pay fees to professional bodies or unions you can claim up to 20% of the cost of these expenses.
• You could be eligible to apply for a tax rebate for the last 4 years!
What is Professional Fees, Subscriptions & Tools Tax Allowance?
Professional fees and subscriptions are allowable deductions if they are amounts you have to pay in order to carry on your profession.
If you have to purchase tools for work use, and are not reimbursed by your employer, you should be eligible to claim tax relief on your purchases. This is known as a tool tax allowance and is claimed through your tax code.
Am I Eligible?
HMRC allows you to claim tax relief on professional fees, subscriptions & tools needed for your employment. You can claim tax relief on:
• Professional membership fees, if you must pay the fees to be able to do your job.
• Annual subscriptions you pay to approved professional bodies or learned societies if being a member of that body or society is relevant to your job.
• You purchased equipment needed to do your job.
• You use the equipment for work and there’s no significant private use – this includes using the equipment according to your organisation’s policy.
HOW MUCH IS PROFESSIONAL FEES & TOOLS TAX ALLOWANCE WORTH
Every professional organisation on the approved list has their own agreement with HMRC regarding the level of tax relief members are entitled to for their fees and subscriptions.
CAN I GET A BACKDATED CHEQUE?
Yes, if you are eligible, you can backdate your Professional Fees, Subscriptions & Tool Tax Allowance claim by up to 4 years. It also doe does not require you to have been in continuous employment with one employer.
Why Use claim my tax?
No Hidden Fees
Here at Claim My Tax we recognise that many people worry that using a tax rebate company means uncertainty about what they will pay. We promise that the price we say is the price you pay.
Our main priority is the satisfaction of our customers. We constantly review our processes to ensure our customer's needs and preferences are met, this enables us to give customers the best possible experience.
Peace of Mind
At Claim My Tax we offer peace of mind and reliability with our services. We know when it comes to your money you want to be sure you are getting the best service possible. We do not ask for bank details until we have won your case.
What to Know more?
Request a Call Back?
Get in touch with our friendly, dedicated team today!
Professional Fees, Subscriptions & Tools Tax Allowance FAQS
We have put together our frequently asked questions to help you better understand our business and give you peace of mind.
HOW DO I CLAIM PROFESSIONAL FEES, SUBSCRIPTIONS & TOOLS TAX ALLOWANCE?
We have successfully claimed for thousands of people who were unsure of whether they were entitled to anything.
We offer a confidential and stress-free service, claiming on your behalf to ensure you get what you are entitled to from HRMC.
Fill in the contact us form for a no-obligations call back from one of our friendly team members. Alternatively, you can call us on 0161 541 2365.
HOW LONG WILL MY CLAIM TAKE?
We aim to finalise all claims within 4 weeks off receiving your signed claim form back. However, this can be quicker or take longer depending on the workload at HMRC.
DO I HAVE TO GIVE OUT MY BANK DETAILS?
We will not ask you for your bank details until we have your payment from HMRC. The reason we then ask you for them is to bank transfer your payment. If you still do not want to give us your bank details we can send you a cheque.
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Claim My Tax LTD
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Registration Address: 28 Orchard Road, Lytham, St Annes, Lancashire, FY8 1PF. Company Number: 10858545