RCSEd Obtains Tax Relief for Specialty Fellowship Examination (FRCS)
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The Royal College of Surgeons of Edinburgh (RCSEd) is pleased to announce that, following negotiations between the College's Trainees’ Committee and HM Revenue & Customs (HMRC), the College has been successful in obtaining agreement for trainees in the ten surgical specialties to claim tax relief on the examination fee for the Specialty Fellowship Examinations (FRCS).
HMRC has confirmed in writing to RCSEd that in circumstances where an individual is employed on a training contract as a speciality trainee, and the individual pays for the Speciality Fellowship exam fees themselves, they will qualify for a deduction of the Speciality Fellowship examination fee against their earnings from that employment. This is on the basis that successful completion of the Speciality Fellowship exam is a requirement within a speciality training contract.
The initiative to approach HMRC follows the RCSEd Trainees’ Committee’s successful negotiation to obtain tax relief for the JCST fee, paid by all Core and Higher surgical trainees. This year’s negotiation was spearheaded by Mr David Riding, Trainees’ Committee Member, Vascular Surgery Trainee in the North West. Speaking about this new agreement, Mr Riding said:
“As trainee surgeons we are all too aware of the increasing personal costs of training. In that context I am delighted that we have been able to secure tax relief for the FRCS exam. This will significantly reduce the financial impact of entering the exam, and is a great example of how the RCSEd Trainees’ Committee works tirelessly to represent the interests of our Members."
RCSEd President Professor Michael Lavelle-Jones added:
“I am delighted to see the successful completion of this initiative led by the College’s Trainees’ Committee, which will be of benefit to all trainees across the country irrespective of their affiliation. The timing is perfect and reflects our commitment going forward to do all that we can to ease the financial burden upon our trainees.”
Useful Government links:
- Tax relief for employees
- Your personal tax account guide
- Your personal tax account - sign in or set up
- Income tax - general enquiries
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