Other expenses: professional fees and subscriptions: applications for approval
Section 344(3) ITEPA 2003
Applications for approval under Section 344 ITEPA 2003 by a professional body are dealt with only by PTCPP -Solihull Technical Helpline. (This content has been withheld because of exemptions in the Freedom of Information Act 2000)
HMRC may approve a body if it is not of a mainly local character and its activities are carried on otherwise than for profit and are solely or mainly directed to all or any of the following objects:
- the advancement or spreading of knowledge (whether generally or among persons belonging to the same or similar professions or occupying the same or similar positions)
- the maintenance or improvement of standards of conduct and competence among the members of a profession
- the provision of indemnity or protection to members of a profession against claims in respect of liabilities incurred by them in the exercise of their profession.