KBzine: the original kitchen and bathroom industry e-news - since 2002
28th January 2021
We strongly recommend viewing KBzine full size in your web browser. Click our masthead above to visit our website version.
BiKBBI's HMRC approval is great news for membership
The British Institute of Kitchen, Bedroom & Bathroom Installation's recent approval by The Commissioners for HM Revenue & Customs is great news for both its retail and installer members, who can now claim income tax rebates against membership fees, which for most would equate to a significant reduction on their annual subscriptions.
"Our HMRC approval is great for us, because its recognition from the Government of our industry placement - but more importantly to me, is that it is absolutely fabulous news for our members, because they will pay less for BiKBBI membership, at a time when we're strengthening member benefits too," notes CEO Damian Walters.
"It has always been my goal to keep membership subscriptions to a minimum. I never wanted to dissuade great businesses from joining BiKBBI based on a price barrier - that would be a disaster!
"Our new HMRC status (under section 344 of the Income Tax (Earnings & Pensions) Act 2003) means that we can drive down membership fees, whilst many similar organisations introduce increases. I know that cashflow is king to the SME and therefore they should be welcoming this news with open arms."
T: 01268 412 457
E: [email protected]
16th November 2018