Can I get paid by my LTD for MBA tuition fee?

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thunderlizard replied

30 May 2011, 17:14
Yes. Your company can spend its money on (almost) whatever it likes. However (and this is why all the other responses have been in the negative) the taxman won't accept an MBA course as a wholly company-related expense, so you should declare it as a taxable benefit and pay tax on the cash amount personally.
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malvolio replied

30 May 2011, 17:09
Originally posted by northernladuk View Post

All the above posters are right. Nice a short and simple. I would guess the OP won't be happy with this response and won't understand why. Do a search for 'training' or some other keyword. This does get asked alot and in the last week there was a very long thread that explained exactly why. Other threads with other training questions will also come up with interesting responses.

Agreed, but it is very simple if you understand corporate taxation correctly. A payment is not a Benefit in Kind if the expenditure is wholly and necessarily for the benefit of the business. Training isn't, since either it is non business related or, if it is, you shouldn't need it since you are already assumed competent in it or else why are you selling your services to do it?
Same goes for plasma screen PC monitors, gym memberships and lunch.

It also helps to remember that YourCo and You are two differnt people. What benefits you does not benefit YourCo and vice versa
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northernladuk replied

30 May 2011, 16:50
All the above posters are right. Nice a short and simple. I would guess the OP won't be happy with this response and won't understand why. Do a search for 'training' or some other keyword. This does get asked alot and in the last week there was a very long thread that explained exactly why. Other threads with other training questions will also come up with interesting responses.
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centurian replied

30 May 2011, 11:58
Had this one out with my accoutant. The response back was a "no, no, nopety, no".
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malvolio replied

30 May 2011, 10:59
Originally posted by sy8111 View Post

Hi, I am a contractor in finance industry. I want to do part-time MBA course. Can my company pay tuition fee for me? Is it normal expense?

Thanks

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sy8111 started a topic Can I get paid by my LTD for MBA tuition fee?

30 May 2011, 10:41
Can I get paid by my LTD for MBA tuition fee?

Hi, I am a contractor in finance industry. I want to do part-time MBA course. Can my company pay tuition fee for me? Is it normal expense?

Thanks
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