PCG Membership an allowable company expense?

[kal]

I've been told by my accountant that membership of the PCG is not allowed by HMRC as an allowable company expense (and as such has to be paid for personally)? Can anyone confirm if this is this definitely the case?

[psychocandy]

I've been told by my accountant that membership of the PCG is not allowed by HMRC as an allowable company expense (and as such has to be paid for personally)? Can anyone confirm if this is this definitely the case?

I stuck it through...

[northernladuk]

Long discussion on it in the thread below but the post most worthy of not is on page 4 where Mal admits he is wrong. Worth the research for that lone

As the argument got so convoluted I can't make it out but it appears you can pay for it through the company but can't offset it against CT and it will incur BiK.

It's an old link so something might have changed...

http://forums.contractoruk.com/accou...5-expense.html

[northernladuk]

Newer discussion on it here...

http://forums.contractoruk.com/accou...embership.html

[kal]

Newer discussion on it here...

http://forums.contractoruk.com/accou...embership.html

Cheers NLUK, that makes sense. Marries up with what my accountant said regarding the PCG membership with respect to CGT and BIK.

[malvolio]

I've been told by my accountant that membership of the PCG is not allowed by HMRC as an allowable company expense (and as such has to be paid for personally)? Can anyone confirm if this is this definitely the case?

Get on the PCG forums and read the recent thread in Legal and Accounting. There is all the detail you could ever want in there.

You may also note the later thread also agrees with my original assertion regarding BIKs...

[The Spartan]

What I will say is regardless of how much it is, it's worth it's weight in Gold so glad I signed up for the Plus membership