Yay or Nay?
My understanding of thes issues is that if you learning a new skill then for some reason it isn't expensable. Can't remember where I had heard this one though.
But if I read this it says:
So what I will do will be work related but PluralSight subscription also gives opportunities to learn non work related subjects too.
My understanding of thes issues is that if you learning a new skill then for some reason it isn't expensable. Can't remember where I had heard this one though.
But if I read this it says:
One often overlooked consideration is whether training provided by the employer is directly work-related. If it can be shown to be related, then the employee/director will not pay a benefit in kind charge by virtue of Section 250 ITEPA 2003. Work-related training is defined in this part of the Taxes Act which provides specific exemption for this type of expense paid for or on behalf of the employee/director.
In conclusion, certain training costs are an allowable expense for corporation tax relief as long as it directly relates to the services that your company currently provides. However a training course normally would not be classed as capital expenditure for flat rate VAT purposes so VAT would not be claimable.
In conclusion, certain training costs are an allowable expense for corporation tax relief as long as it directly relates to the services that your company currently provides. However a training course normally would not be classed as capital expenditure for flat rate VAT purposes so VAT would not be claimable.
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