Did you know that as a mechanic you are entitled to claim 100% tax relief on your IMI fees?
Lots of mechanics and vehicle technicians are a member of the Institute of the Motoring Industry. It’s the professional association for people working in the retail motor industry. It helps promote professional standards and gives a voice to it’s members.
The IMI and HMRC have agreed that tax relief can be claimed on the cost of it’s membership. You can even back date a claim for the last 4 tax years.
Once you have made your first claim IMI tax rebate claim, you will get a new tax code. This means that you will pay less income tax for all years moving forward as so long as you are a member.
Can IMI members claim a tax rebate for anything else?
Yes, you can! Members of the IMI can claim for other work related expenses for example;
- Washing your own protective clothing
- Membership of any other professional bodies
- Capital allowances relating to the purchase of tools and equipment for work use
- Tax relief on the interest payments made under finance agreements with your tool providers
How do I claim my IMI tax rebate?
In most cases you can use the form P87 to submit your IMI tax rebate claim directly to the tax office (HMRC). You can include other work related expenses on the same P87 form at the same time.
