Claiming MBA fees from Limited company

[russell]

Training of any kind is only claimable if itis directly aligned to your main rade; coders can learn new program languages but PMs can't. Which is fairly obvious if you think about it: YourCo is in business to do "something" and can only spend money doing that "something", it's just another application ofthte "wholly and exclusively" rules. And before you ask, additional skills such as accoutning, MBAs and markteting, and other things that "might make you more marketable", are out of scope as well.

So I guess my second degree which will help me move away from Software Development into Maths and Economics is going to be looked unfavourably by Hector?

[northernladuk]

So I guess my second degree which will help me move away from Software Development into Maths and Economics is going to be looked unfavourably by Hector?

You got it, now **** off back in to general.

[russell]

You got it, now **** off back in to general.

But you haven't told me to go permie as I'm not cut out for contracting yet?

[Ruprect]

But you haven't told me to go permie as I'm not cut out for contracting yet?

You're clearly not cut out for contracting - why don't you go permie?

[centurian]

Should be no problem as its training, I am doing OU at the moment and put it through Ltd.

Anyway, the OU boffins would shudder to have an academic Masters degree described as "training".

And that's not just snobbery. There is a subtle, yet important difference between vocational training and academic study.

[malvolio]

Anyway, the OU boffins would shudder to have an academic Masters degree described as "training".

And that's not just snobbery. There is a subtle, yet important difference between vocational training and academic study.

Maybe so, but sadly Hector is also a Phiilstine.

Then again, woud you rather your kids had sex education or sex training?

[pangeakiller]

Thanks Everyone!

Thank you everyone. My accountant recommended against it as well.

[SueEllen]

So I guess my second degree which will help me move away from Software Development into Maths and Economics is going to be looked unfavourably by Hector?

In short yes.

However if your company was paying for modules which were relevant to the business of your current client and you could then easily show they were relevant to one of your next clients, then your accountant may let you put the relevant modules through the company books.

I've managed to do it with some of the OU modules I have done which were nothing to do with IT. Off course I didn't attempt to put every single OU module I did through the company books as that would be taking the p*ss.

And yes I did gain a qualification.

[centurian]

I've managed to do it with some of the OU modules

By managed to do it - do you mean, managed to convince your accountant that it sounds like a viable argument, or actually convinced an HMRC inspector who raised it as an issue as part of an enquiry/investigation.


Convincing yourself is the easy part. Getting it past an HMRC enquiry is where it gets hard.

[northernladuk]

Off course I didn't attempt to put every single OU module I did through the company books as that would be taking the p*ss.

And yes I did gain a qualification.

Putting one through that isn't valid is taking the piss isn't it? The fact you don't put them all through won't have hector thanking you.