Originally posted by northernladuk
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Training and tax position
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Originally posted by tractor View PostHowever I am still amazed at the energy some expend in their angst when if they feel so compelled to respond, a simple link would do. I do this often unless it's an obvious sockie or windup.Comment
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Originally posted by TheFaQQer View PostIf you adopt that approach rather than using the same four phrases ad infinitum, however can you hope to get to 17000 posts?'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by monoceros View PostCertainly not the case ;-)
My main reason for my confusion is really this as it seems the situation is:
- YourComp blags its way into a contract that needs a skill it does not have: YourComp can claim back the training costs.
- YourComp wants to establish the skills first so it can generate business: YourComp cannot claim back the training costs.
... and this just seems wrong.
I can understand that there must be some way to prove business need - otherwise I will be on a 6 month intensive scuba diving and chocolate appreciation course - but why can that not be retrospective? YourComp pays £10k for training, if in the next *some suitable period* YourComp can prove it did have a business justification by showing revenue tied to the training then why is it not clear that it was directly related to the business? If YourComp cannot prove this then the investment is lost.
are, or are likely to prove, useful to the employee when performing his/her duties or
will qualify or better qualify the employee to undertake the employment, or to participate in charitable or voluntary activities arising through the employment."
The training will not be subject to any benefit in kind tax charges as the training would qualify under the S.250, ITEPA 2003 exemption:
Employment income: work-related training: meaning of
Employment income: work-related training: generalComment
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Originally posted by JB3000 View PostIf the training is work-related, i.e. "defined as any training course or other activity which is designed to impart, instill, improve or reinforce any knowledge, skills, or personal qualities which:
are, or are likely to prove, useful to the employee when performing his/her duties or
will qualify or better qualify the employee to undertake the employment, or to participate in charitable or voluntary activities arising through the employment."
The training will not be subject to any benefit in kind tax charges as the training would qualify under the S.250, ITEPA 2003 exemption:
Employment income: work-related training: meaning of
Employment income: work-related training: generalBlog? What blog...?Comment
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I'm sure I read somewhere recently that this rule (IMO a stupid one) is due to change. Think it was on this site somewhere - off to foogle...Comment
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Originally posted by mudskipper View PostI'm sure I read somewhere recently that this rule (IMO a stupid one) is due to change. Think it was on this site somewhere - off to foogle...
Osborne told to update contractor tax rules on training :: Contractor UKComment
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Originally posted by northernladukI refer back to my response to tractor. I put two posts up with links to the search and even did it for him as I often do. I hardly see that being a dick to anyone. Your very argument that no one reads them surely is more reason for me to mention it to every newbie which pisses Tractor of even more.
Being a dick to a more established poster that has already had his ass handed to him on a plate but is still carrying on is a different matter.
Originally posted by northernladuk View PostTo be fair he also proved he didn't read the link I put up and continued to complain about the search even though I linked to it and demonstrated it. It's the old saying, you can lead a horse to water but if it's such a ******* moron that it refuses to drink then your ****ed.
Anyway, this has gotten boring and totally ruined the OP's thread so am out.
You haven't handed anyone's ass anywhere, you are the one going on about it.
Most people put a title in the OP. If you see a title that is a repeat, just ignore it, your heart and blood pressure will love you for it
Quote Originally Posted by JB3000 View Post
If the training is work-related, i.e. "defined as any training course or other activity which is designed to impart, instill, improve or reinforce any knowledge, skills, or personal qualities which:
are, or are likely to prove, useful to the employee when performing his/her duties or
will qualify or better qualify the employee to undertake the employment, or to participate in charitable or voluntary activities arising through the employment."
The training will not be subject to any benefit in kind tax charges as the training would qualify under the S.250, ITEPA 2003 exemption:Comment
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Originally posted by tractor View PostYou haven't handed anyone's ass anywhere, you are the one going on about it.
.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by JB3000 View PostIf the training is work-related, i.e. "defined as any training course or other activity which is designed to impart, instill, improve or reinforce any knowledge, skills, or personal qualities which:
are, or are likely to prove, useful to the employee when performing his/her duties or
will qualify or better qualify the employee to undertake the employment, or to participate in charitable or voluntary activities arising through the employment."
I think the rule is to prevent people expensing something completely off the wall like an IT consultant doing a photography course or something.Free advice and opinions - refunds are available if you are not 100% satisfied.Comment
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