PCG Membership

[Fred Bloggs]

No BIK as I understand it. It is a valid business expense, but not allowable against tax.

Thanks, I've learned something else new today. I didn't think there was such a class of expense. I foolishly believed that either the expense was allowable or not and if it wasn't but was for you personally then there would be a BIK. Silly me for thinking it could be that straight forward.

[Hex]

So your PCG membership goes on your P11D as a BIK and you pay income tax and NI on the benefit?

No BIK as I understand it. It is a valid business expense, but not allowable against tax.

[Fred Bloggs]

So your PCG membership goes on your P11D as a BIK and you pay income tax and NI on the benefit?

[Hex]

My company pays my PCG subs.

My company also pays my PCG subs, but it is disallowed against tax - which means the company pays the membership out of taxed income not pre-tax income.

It is PCG's own guidance to do it this way. Companies are allowed to pay for personal trade memberships for its employees, but it is only tax deductable if it is a recognised trade membership where the membership list has been handed over to HMRC. PCG refuses to hand its membership list over to HMRC and so the payment is not tax deductable.

[Addanc]

Can PCG memebership fees come out of the business and be claimed as an expense?

Sorry I know this would have been covered somewhere ...I tried to search but with no luck!

Thanks in Advance

_Smudger_

My company pays my PCG subs.

[smudger]

Although you're not getting corporation tax relief, get it in the company name so that you're not paying for it out of taxed income.

Ok thanks

[Craig@Clarity]

I've not joined yet so presumably it would be better in my personal name.

Although you're not getting corporation tax relief, get it in the company name so that you're not paying for it out of taxed income.

[smudger]

Is the membership in the company name or your personal name?

In the Company name it is not allowable for tax purposes.

In your personal name the company is paying for your personal expenditure, more than likely it would be treated as DLA transaction.

I've not joined yet so presumably it would be better in my personal name.

[smudger]

Not against Corp Tax, something to do with them not giving over a list of members or something.

Having said that I claim mine

Are you claiming it because you will argue the case out if quieried ( or claim ignorance ).

[Robot]

Can PCG memebership fees come out of the business and be claimed as an expense?

Sorry I know this would have been covered somewhere ...I tried to search but with no luck!

Thanks in Advance

_Smudger_

Is the membership in the company name or your personal name?

In the Company name it is not allowable for tax purposes.

In your personal name the company is paying for your personal expenditure, more than likely it would be treated as DLA transaction.

[Craig@Clarity]

WSS

It can be claimed but it's not allowable for corporation tax relief since it isn't a recognised subscription by HMRC. A useful link here HM Revenue & Customs: Deductions for fees and subscriptions paid to professional bodies or learned societies

[Sockpuppet]

Not against Corp Tax, something to do with them not giving over a list of members or something.

Having said that I claim mine

[smudger]

Can PCG memebership fees come out of the business and be claimed as an expense?

Sorry I know this would have been covered somewhere ...I tried to search but with no luck!

Thanks in Advance

_Smudger_