More than 75% of nurses and midwives are not collecting tax relief on their annual registration fees, a survey has found.
Conducted by the Nursing and Midwifery Council (NMC), the survey discovered that only 40% of nurses and midwives were aware they are entitled to claim tax relief on their registration fees.
Nurses and midwives are eligible for a £20 tax relief on the annual fee of £100.
Jackie Smith, NMC chief executive said: “Every nurse and midwife should be claiming tax relief on their annual registration fees and it is surprising that so few nurses and midwives are receiving what they are entitled to.
“We recognise that the fee increase has increased the financial burden on nurses and midwives which is why we would encourage all nurses and midwifes to claim tax relief on their fees.”
Nurses and midwives are able to claim tax relief on their annual fees through HM Revenue and Customs (HMRC) which allows individuals to claim tax relief on professional subscriptions or fees which have to be paid in order for them to carry out their job.
Category => Editor's Pick
Category => Featured
Category => Finance
Category => HR
Category => News
Maximise your practice's financial potential and compare your performance with peers with Pulse Intelligence. Register for a 30 day free trial.