Deductions for fees and subscriptions

December Tax Newsletter

Many professionals, teachers, accountants, lawyers, health professionals and so on, are required to make a subscription to a professional body or learned society. If the following conditions apply the cost of the subscription may be claimed against taxable income.

the statutory fee or contribution must be made out of your net taxed earnings, and
membership of the professional body must be a requirement of your employment.

Further the activities of the professional body must be relevant to your employment, particularly:

the performance of duties is directly affected by the knowledge concerned, or
involves the exercise of the profession concerned.

The Revenue have a published list of the organisations that they will accept as valid professional bodies. This list is updated from time to time.

If you are required to make subscriptions to professional organisations make sure that you let us have full details at tax return time so that we can ensure you get the correct relief.