Professional subscriptions

In the bustling workshop of North Pole Limited, an elf named Joy was known for her exceptional toy-making skills. Joy loved her job, but she always sought ways to improve her craft. One snowy evening, she discovered that subscribing to professional memberships and societies could enhance her skills even further.

Joy learned that she could claim tax relief on professional membership fees, if they were necessary for her job. As well as annual subscriptions to approved professional bodies or learned societies relevant to her work.

However, she knew that Santa, or anyone else, couldn’t pay for these subscriptions, and they had to be approved by HMRC.

The next morning, her friend Frosty the Snowman shared some valuable advice. “Joy, did you know that North Pole Limited can help you figure out how much tax you can claim back? You can claim for the current tax year and the previous four years!”

Excited by this news, Joy decided to take action. She found the P87 form on the HMRC website and carefully filled it out. She attached copies of her receipts and other evidence showing how much she had paid for each professional fee or subscription. With a hopeful heart, she sent the form to HMRC by post.

Meanwhile, her elf friend Elfy, who completed his own self-assessment tax return, was curious about Joy’s process. Joy explained, “Elfy, since you do your own self-assessment, you need to claim these expenses through your tax return instead.”

With Frosty’s guidance and a bit of paperwork, Joy was on her way to becoming an even better toy maker, ready to bring more joy to children around the world.

If you need any help with the exemption, please contact our helpful UNW elves at employmenttaxesteam@unw.co.uk.