Hello and welcome to the site. Thank you for your question.The company is effectively paying your annual subscription in return for services rendered and it is deemed a benefit in kind.If you get any taxable benefits in kind, and you complete a tax return, you must enter their value on the Employment page of your tax return for the relevant year, even if tax has already been paid on them under PAYE. Your employer also has to make a return to HM Revenue and Customs (HMRC) with details of any benefits in kind given to you. Your employer makes the return on the form P11D, which lists the benefits and expenses for the relevant tax year. You should get a copy this form by 6 July following the end of the tax year.I hope this is helpful and answers your question.
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