Other expenses: professional fees and subscriptions: introduction
Sections 343 and 344 ITEPA 2003
The general rules dealing with deductions allowed from earnings set out at Part 5 Chapter 1 (see EIM31620) apply to fees and subscriptions paid to professional societies.
A deduction cannot be allowed under Section 336 ITEPA 2003 (see EIM31650) because the expenditure is not incurred in the performance of the duties (see Simpson v Tate (9TC314) and Wales v Graham (24TC75)).
But a deduction can be given if the conditions of either Section 343 or 344 ITEPA 2003 are satisfied.
There are two types of expenditure that qualify for deduction:
- Section 343 - certain professional membership fees (see EIM32890)
- Section 344 - annual subscriptions paid to bodies of persons approved by HMRC (see EIM32900).
As regards subscriptions to trade unions see EIM32885.