Originally posted by Jog On
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Is training allowed as a expense through limited company ?
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Originally posted by Stevie Wonder BoyI can't see any way to do it can you please advise?
I want my account deleted and all of my information removed, I want to invoke my right to be forgotten. -
Originally posted by SimonMac View PostWhy would they?! They are only there to advise you on what they think is correct, ultimate responsibility lies with you, however HMRC on the other hand....."Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon MuskComment
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Originally posted by Jog On View PostThey're quote picky with my expenses. Part of the package is that they will deal with any HMRC equiries as long as they approve my expenses. For example they won't allow me to claim for lunch or coffees...'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Never totally understood the training rules to be honest...
Im guessing paying for a certification exam would be allowable though? £400 - cheers Red Hat. $400 in the USA.... :-(Rhyddid i lofnod psychocandy!!!!Comment
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Originally posted by psychocandy View PostNever totally understood the training rules to be honest...
Im guessing paying for a certification exam would be allowable though? £400 - cheers Red Hat. $400 in the USA.... :-('CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Is training allowed as a expense through limited company ?
I've seen Bobs try this one a few times, training course cheaper back home, ooo, that's handy, combine it with a nice company sponsored trip home.
Of course, no way would I accuse the OP of considering that, this isn't General...Comment
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Originally posted by psychocandy View PostNever totally understood the training rules to be honest...
Im guessing paying for a certification exam would be allowable though? £400 - cheers Red Hat. $400 in the USA.... :-(
I went to India to do my Oracle certified professional course - it was related to work that I already did, and was significantly cheaper to fly to Goa for three weeks than it was to go to Reading for the same course.Comment
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Originally posted by network View PostThis is a grey area. can anyone clarifiy if training is allowed if i am doing a course in my area of expertise ?
The relevant parts of the law from Income Tax (Earnings and Pensions) Act 2003 are paraphrased as:
ITEPA s250
No liability to income tax arises by virtue of the provision for an employee of work-related training or any benefit incidental to such training, or(a) costs which are incidental to the employee undertaking the training,
(b) expenses incurred in connection with an examination or other assessment of what the employee has gained from the training, and
(c) the cost of obtaining any qualification, registration or award to which the employee becomes or may become entitled as a result of the training or such an examination or other assessment.
So if it's work related training/exams then it's allowable along with incidental costs (hotels, travel etc).
ITEPA s251 goes on to define work related training thus:
“Work-related training”, in relation to an employee, means a training course or other activity designed to impart, instil, improve or reinforce any knowledge, skills or personal qualities which—(a) are likely to prove useful to the employee when performing the duties of the employment or a related employment, or
(b) will qualify or better qualify the employee to perform those duties
(2) For this purpose “related employment”, in relation to an employee, means another employment with the same employer, or with a person connected with the employer, which the employee—(a) is to hold,
(b) has a serious opportunity of holding, or
(c) can realistically expect to have a serious opportunity of holding in due course.
HMRC's guidance is in BIM47080 and warns that where the employee is also the director there is a greater chance of the training being for their personal benefit rather than for the business but it certainly doesn't disallow it. Probably the biggest gotcha in BIM47080 is:
where an employer carries on more than one trade or profession, either at the same time or consecutively, expenditure on training, like other expenditure, for the purpose of one such business (or partly for its purpose) cannot be deducted in computing the profits of the other.
So if you undertake a training course to help you get your "plan B" part of the business off the ground, you can't claim the cost against the profits from your "plan A" business. However, if the training expense is directly related to your future business direction (eg, project management course so you can move from a tech support role into Project Management) would be allowable.
If you have a specific example then you could always call HMRC and ask them what they think....Free advice and opinions - refunds are available if you are not 100% satisfied.Comment
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Originally posted by stek View Postooo, that's handy, combine it with a nice company sponsored trip home.
Seriously though, as with TheFaQQer I've done courses abroad because even when you pay the flight and accommodation it can still be cheaper than the UK. The jet lag can be a bitch when you start falling asleep in class at 2pm but a few days to acclimatise before the course will work wonders.Free advice and opinions - refunds are available if you are not 100% satisfied.Comment
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Red Hat certification exam £400 UK, $400 USA. Pity I cant get a flight for £100 LOL :-)Rhyddid i lofnod psychocandy!!!!Comment
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