The IBMS subscription is approved by the Board of the Inland Revenue as an allowable deduction under Section 201 of the Income & Corporation Taxes Act 1988.
All IBMS members that are UK taxpayers can claim tax relief from the HM Revenue & Customs on their membership fees and can claim up to 20% of their IBMS membership fees. How much you can claim will depend on a number of factors, including how much your membership fees cost and your tax situation.
For first time claims, you can claim for the current tax year and include a backdated claim for the previous four tax years. Download the IBMS subscription fees information for 2018 - 2022 for information on what you may be able to claim.
For further advice, please email the Membership Team at email@example.com or call us on +44 (0)20 7713 0214.
Making a claim
To make a claim, please visit the HMRC website and claim tax relief for your job expenses.
You will need to:
- send form P87 with your self-assessment return, if you make this annually, or
- you can send it directly to your local tax office.
Claim tax relief on your HCPC registration fees
You may also be able to claim back tax on your Health and Care Professions Council (HCPC) registration fees.
Details of your registration fees can be obtained by contacting the HCPC.