PRCA announces membership fees now bring tax relief
The PRCA today announced that it has been added by HMRC to the list of professional bodies whose members are able to claim tax relief on their membership subscriptions.
Members can now enjoy all of the benefits of PRCA membership at an even better rate, as they can now claim back the tax on their membership.
HMRC has added the PRCA as an approved professional body for tax relief, so if you pay for the membership yourself, you can claim the tax back. This means that you can now enjoy all of the privileges of membership at an even more competitive cost than ever before.
The PRCA provides members with industry benchmarking data, facilitates the sharing of communications best practice, helps members to prove their professionalism and commitment to ethical behaviour, and offers unparalleled networking opportunities. Through our corporate and individual membership options, the PRCA represents and regulates over 20,000 people from the public, private, and charitable sectors. This makes us the largest professional body for PR and communications professionals in Europe.
Each year HMRC publishes a list of professional bodies that they accept as employment related, and so subscriptions to those organisations should be deductible for tax purposes. This list is published on the HMRC website and can be accessed here.
As the PRCA is on HMRC’s approved list, you are permitted to offset the membership fee against your income when calculating your tax bill.
If you complete a Self Assessment Tax Return then you would normally include a claim for relief in relation to your professional fees by entering them in box 19.
If you do not complete a Tax Return, the best way to make a claim is either to contact HMRC by telephone or in writing, or by completing a form P87 (‘Tax relief for expenses of employment’) and HMRC will ensure the additional allowances are entered in your PAYE code.
If you have paid professional fees or subscriptions over a number of years but have never claimed tax relief then you can potentially claim tax relief for the previous four tax years - provided you paid PRCA fees in all of those years.
Francis Ingham MPRCA, Director General, PRCA, said: “Now that HMRC has added the PRCA to the list of professional associations whose members can claim tax relief on their membership subscriptions, there is more reason than ever to join the largest and most influential PR and communications membership body in Europe.”
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About the PRCA
Who we are: Founded in 1969, the Public Relations and Communications Association (PRCA) is a UK-based PR and communications membership body, operating in 48 countries around the world. We represent in excess of 20,000 people across the whole range of the PR and communications industry. The PRCA promotes all aspects of public relations and communications work, helping teams and individuals maximise the value they deliver to clients and organisations.
What we do: The Association exists to raise standards in PR and communications, providing members with industry data, facilitating the sharing of communications best practice and creating networking opportunities.
How we do it and make a difference: All PRCA members are bound by a professional charter and codes of conduct, and benefit from exceptional training. The Association also works for the greater benefit of the industry, sharing best practice and lobbying on the industry's behalf e.g. fighting the NLA's digital licence.
Who we represent: The PRCA currently has more than 400 agency members; 270 in-house PR and communications teams from multinationals, charities and leading public sector organisations; and thousands of individual members.