KY Wong

Hi HMRC, I registered as a student with Chartered Institute of Taxation (CIOT). This is a professional body under HMRC approved list as "Taxation Chartered Institute of". I took the exam organized by them to pursue a professional qualification. The qualification is required for my employment. I have incurred a few related expenses as below. 1) Student registration fee paid to CIOT 2) Exam registration fee paid to CIOT 3) Course fee paid to third party for exam preparation I have yet to pass all required exams and my status is a "student" instead of a "member". Can I claim any expense listed above as a deduction when I file my self assessment? Thanks. Regards, Kelvin

Thanks, I have posted a letter to HMRC regarding this.

Feedback .

Any updated on this question please? Hi HMRC, On your list of Approved learned societies and professional organisations, Chartered Financial Analyst Society of the UK (CFA Society of the UK) is an approved organization. May I check if Chartered Financial Analyst Institute (CFA Institute) is also an approved organization? CFA Institute governs activities related to the CFA® Program exam worldwide, while CFA UK is a member society under CFA Institute.

Thanks.

Hi HMRC, On your list of Approved learned societies and professional organisations, Chartered Financial Analyst Society of the UK (CFA Society of the UK) is an approved organization. May I check if Chartered Financial Analyst Institute (CFA Institute) is also an approved organization? CFA Institute governs activities related to the CFA® Program exam worldwide, while CFA UK is a member society under CFA Institute. https://www.gov.uk/government/publications/professional-bodies-approved-for-tax-relief-list-3/approved-professional-organisations-and-learned-societies 

[External link removed - Admin]

Duplicate.

Hi HMRC, On your list of approved professional bodies, under professional bodies with name starting with letter "T" There is a line "Taxation Chartered Institute of", does this refer to "Chartered Institute of Taxation" (CIOT)? https://www.gov.uk/government/publications/professional-bodies-approved-for-tax-relief-list-3/approved-professional-organisations-and-learned-societies https://www.tax.org.uk/

Hi team, I am UK tax resident for the last 10 years. I purchased some non-UK reporting accumulating ETF (all dividend are reinvested) when I am UK tax resident, say during tax year 2023/24. I move oversea and becomes non-UK resident during tax year 2024/25. So in tax year 2024/25, I have the status of temporary non-resident. From my understanding, gain from non-UK reporting accumulating ETF is taxed as Offshore Income Gains and tax under Income tax rate. May I ask how the gain on disposal will be taxed? Thanks.

Hi team, thanks for the reply When I try to close my Cash ISA with the second ISA provider, as I have deposited the fund for 3 days, I have accrued an interst of £0.48. They can't claw it back due to operational issue. What should I do with this interest (as I should NOT be entitlied to it)? Do I need to keep any record or report that? Thanks.

Hi team, I contributed to my existing Cash ISA back in April 2023. A few day aga I mistakenly opened a second Flexible Cash ISA account with another provider and transferred £1,300 into it. I realized this is not allowed so I withdrew £1,300 from the second Flexible Cash ISA account. No interest has been paid yet. 1) Do I need to report this error to HMRC and how? 2) What should I do with the second Flexible Cash ISA account? Should I notify the provider for my error and ask them to close my account. 3) For the £1,300 quota, can I still use it to contribute into my other LISA / S&S ISA?