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Question 1a Note 8 Edward
Tax rates
TX 2014 Tax Rates and Allowances
Alfred and Edward King are brothers. They are trying to calculate their balancing payments for the tax year 2013–14, and the following information is available:
Edward King
(8) On 1 January 2014, Edward paid a professional subscription of £240 to the Guild of Marketing, an HM Revenue and Customs’ approved professional body.
Required:
Is the professional subscription an allowable deduction?