The Faculty is currently moving all subscriptions onto a calendar year basis. This means members whose subscription year currently starts in February, March or May 2021 will pay a pro rata subscription up to 31 December 2021.
Please see the full annual and reduced rates below:
Claiming Tax Relief on Subscription Fees
As the Faculty has Charitable Incorporated Organisation status, members are able to claim tax relief on membership fees. With income tax reclaimed, membership rates can be reduced by 40% or 20% depending on your tax bracket (please see table below)
If you undertake self-assessment tax return then you can add your Faculty membership to the list of expenses you or your accountant can include in your self-assessment return.
If you are on PAYE then it is possible to apply online (you will need a Government Gateway login).
Alternatively, you can print and post form P87.
More Info is available on the GOV.UK website: