The PC fee – not a benefit-in-kind
29/03/2018 06:22:00Read recent guidance on the tax treatment of Practising Certificate (PC) fees.
A Compulsory Requirement
Professional subscriptions paid by a solicitor鈥檚 firm on behalf of their employees is a benefit-in-kind unless the employee cannot exercise their duties without this membership and membership is 鈥渨holly, necessarily and exclusively鈥 required.
It is the view of the Law Society that Practising Certificate fees are not a benefit-in-kind, on the basis that a practising certificate is a compulsory requirement and prerequisite to practise and should therefore fall under the "wholly necessarily and exclusively" principle.
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Law Society eZine
This article originally appeared in the March 2018 Law Society eZine. For more information, and to subscribe, see eNewsletters.