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Income tax relief

Find out how you can claim income tax relief on your BVA membership subscription. Save up to 40%

The BVA

The BVA is recognised as an ‘approved body’ by the HM Revenue and Customs (HMRC), which means that our annual membership subscription can be offset as an allowable taxable expense against income earned from that source i.e. veterinary related work.

A higher rate tax payer will save 40% on BVA's membership subscription, and a basic rate tax payer 20%.

Savings

If you are a UK tax payer, the membership subscription you pay is eligible for tax relief against veterinary related income. An illustration of the saving you can make from April 2008 onwards is given above.

Category	2009 cost of membership	Higher rate tax payer		Basic rate tax payer
		Tax relief	Real cost	Tax relief	Real cost
Main/ standard	£252	£100.80	£151.20	£50.40	£201.60
Recent graduates
1st year after graduation	£144	£57.60	£86.40	£28.80	£115.20
2nd year after graduation	£156	£62.40	£93.60	£31.20	£124.80
3rd year after graduation	£168	£67.20	£100.80	£33.60	£134.40
4th year after graduation	£180	£72	£108	£36	£144
5th year after graduation	£192	£76.80	£115.20	£38.40	£153.60
6th year after graduation	£204	£81.60	£122.40	£40.80	£163.20
7th year after graduation	£216	£86.40	£129.60	£43.20	£172.80
8th year after graduation	£228	£91.20	£136.80	£45.60	£182.40
Others
Joint UK	£348	£139.20	£208.80	£69.60	£278.40
Postgraduate students	£126	£50.40	£75.60	£25.20	£100.80
Associate	£252	£100.80	£151.20	£50.40	£201.60
Salary-linked < £15,000 pa	£126	N/a	N/a	£25.20	£100.80

How to claim

Self-employed people and locums

For self-employed people, including locums, you should deduct the fees as an allowable expense before calculating your taxable profits.

Employees

If the member pays the subscription themselves, they can claim the tax back on their annual tax form.

If a practice pays membership on the employee's behalf, the practice will either have a dispensation with HMRC and therefore the employee will automatically not be taxed or, alternatively, the practice will include these fees on the employee's annual P11D tax form, in which case the member can then claim the tax back when they complete their annual tax form.