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PrintProfessional Qualification Membership Fees
Membership Rates for 2012
There are a number of categories of membership available. Listed below are their rates for 2012.
- Full Member £285
- Life Membership £285
- Career Break £142.50
- Part-Time £142.50
- Retired Member £45
Download the 2012 Regulations: PDF
Download application for a reduction in Membership Fee: PDF
Download notes for applications for a reduction in Membership Fee: PDF
Deduction of membership fees for tax purposes
The attention of members and students is drawn to information concerning the deductibility of annual membership fees for tax published by HM Revenue & Customs.
Section 344 ITEPA 2003
A deduction from earnings from an employment is allowed for an amount paid in respect of an annual subscription provided:
- it is paid to a body approved by HMRC and
- the activities of the body are of direct benefit to, or concern the profession practised in, the performance of the duties of the employment
Visit: http://www.hmrc.gov.uk/manuals/eimanual/eim32900.htm
CIPFA appears as an approved body in List 3 on page 100 of 128:
Visit: http://www.hmrc.gov.uk/list3/list3.pdf
Self-employed members can claim their annual CIPFA membership fees as a trading expense.
CIPFA Practice Assurance Scheme
On 1 January 2009 CIPFA introduced Practice Assurance, which is a scheme of practice review applying to UK members in practice.
See http://www.cipfa.org.uk/practiceassurance/ for full details.
Fees
| Year | Practice Assurance Fee | Practising Certificate (one-off fee) |
| 2012 | £245 | £75 |
Members can claim their Practice Assurance fees and Practicing Certificate fee as part of their trading expenses.
The information is available in the HMRC Business income manual
http://www.hmrc.gov.uk/manuals/bimmanual/BIM47415.htm.
If you have any queries or need advice please contact the Membership Operations department on 020 3117 1880.
