MBA Fees

[Greg@CapitalCity]

Thanks..any other inputs from the accountants?

As Clare said, if the MBA is supplied to your company (ie invoiced to your company) and paid for from the business bank account, then its within the realms of possibility (though at the 'still not claimable' end of the spectrum). If you signed up for the MBA yourself, and not through your company, then forget about any justifications - it won't fly.

If you pay yourself a small salary through your business (say £7-10k per year) AND if the expense is not claimable as a business expense, don't claim it as a P11D expense. The tax/NIC you will pay will exceed any Corporation Tax savings - better in this case just to pay from your personal bank account funded from ltd company salary/dividends.

Happy studying!

[Jerry]

As Clare said, if the MBA is supplied to your company (ie invoiced to your company) and paid for from the business bank account, then its within the realms of possibility (though at the 'still not claimable' end of the spectrum). If you signed up for the MBA yourself, and not through your company, then forget about any justifications - it won't fly.

If you pay yourself a small salary through your business (say £7-10k per year) AND if the expense is not claimable as a business expense, don't claim it as a P11D expense. The tax/NIC you will pay will exceed any Corporation Tax savings - better in this case just to pay from your personal bank account funded from ltd company salary/dividends.

Happy studying!

It's nuts. I got an MBA so i could get better roles, bill more and thus pay more tax. But then that's the tax system for you. Write off $6bn for Vodafone. Hit the little guy. Company cars is another one. They tax you on the value of the car, but (if you are an employee of a big company) you don't own that car. The benefit you are getting is not paying the lease charge. Or fuel duty. First pay us duty, then pay us vat on that duty.