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The Income Tax (Professional Fees) Order 2015
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Statutory Instruments
2015 No. 886
Income Tax
The Income Tax (Professional Fees) Order 2015
Made
24th March 2015
Coming into force
1st April 2015
The Commissioners for Her Majesty’s Revenue and Customs make the following Order in exercise of the powers conferred upon them by section 343(3) and (4) of the Income Tax (Earnings and Pensions) Act 2003(1).
Citation and commencement
1. This Order may be cited as the Income Tax (Professional Fees) Order 2015 and comes into force on 1st April 2015.
Addition of fees to the Table in section 343(2) of the Income Tax (Earnings and Pensions) Act 2003
2. In section 343 of the Income Tax (Earnings and Pensions) Act 2003(2) (deduction for professional membership fees), in the Table in subsection (2), item 7 is amended as follows—
(a)In sub-paragraph (c) for “General Teaching Council for Wales” substitute “Education Workforce Council”.
(b)Accordingly, in the heading, after “Teachers” insert “etc”.
Edward Troup
Jim Harra
Two of the Commissioners for Her Majesty’s Revenue and Customs
24th March 2015
EXPLANATORY NOTE
(This note is not part of the Order)
Section 343 of the Income Tax (Earnings and Pensions) Act 2003 (c.1) provides for a deduction from the earnings of an employment for an amount paid in respect of a professional fee. “Professional fee” means a fee mentioned in the Table in subsection (2) of the section. Under subsections (3) and (4) of section 343, the Commissioners for Her Majesty’s Revenue and Customs may by order add professional fees to the Table.
This Order comes into force on 1st April 2015.
The Education (Wales) Act 2014 (2014 anaw 5) received Royal Assent on 12th May 2014. Section 2 of that Act provides that the General Teaching Council for Wales is to continue to exist but is re-named the Education Workforce Council from 1st April 2015.
Tax Information and Impact Notes covering this instrument will be published on the HMRC website at http://www.hmrc.gov.uk/thelibrary/tiins.htm.
(1)
2003 c.1; subsections (3) and (4) of section 343 were amended by paragraph 102(2) and (3)(e) of Schedule 4 to the Commissioners for Revenue and Customs Act 2005 (c.11).
(2)
Section 343 has been amended; the relevant amending instruments are S.I. 2005/1091 and S.I. 2012/924.
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