Are Training Courses tax deductible?

[porky]

Does anyone know whether you can claim against tax for Training courses if you are self employed?

[caledonian bob]

In a word, YES

[Tree cutter Stu]

100 %

[slack ma girdle]

Yer darn toting right.

[arbmark]

have another yes

[easy-lift guy]

Here in the States as well, Cost of doing business, for sure.

easy-lift guy

[porky]

Thanks guys

[Tinker]

Hi all, I saw this post yesterday and was happy with the confident vote of YES! However, today I have attended a HMRC workshop which briefly covered business expenses and I was told NO! It had to be continuous business development. To clarify...

 

If you need your CS30/31, you CANNOT claim for the aquisition of the award but if you need to requalify say three years later, then that is deductable as a continuation of business development.

 

Unless of course you know different:001_rolleyes:

 

And the following is from http://www.hmrc.gov.uk/guidance/480.pdf

 

Appendix 9 Work-related training

Chapter 5 provides an outline of the rules, which exempt from tax the cost of work-related

training provided for employees. No deduction is due for the costs of training which employees

undertake at their own expense. Those rules, contained in Section 250 to 254, operate by

reference to a number of terms, each of which is defined in the rules. A general explanation of these

defined terms follows

Work-related training

Work-related training is training for an employee’s current employment or a 'related employment'.

It is defined as any training course or other activity which is designed to impart, instil, improve

or reinforce any knowledge, skills, or personal qualities which:

• are, or are likely to prove, useful to the employee when performing his or her duties, or

• will qualify or better qualify the employee to undertake the employment, or to participate in

charitable or voluntary activities arising through the employment.

The term includes a wide-range of practical and theoretical skills, so long as those skills are

relevant to the employee. Where leadership team skills are appropriate to the employee,

participation in activities such as Outward Bound, Raleigh International, or Prince’s Trust will

qualify. The cost of an employee’s participation in a genuine Employee Development Scheme,

which seeks to improve the employee’s attitude towards training by commencing with an

enjoyable course as an introduction to more concentrated job-related training, will also qualify.

 

So, no clearer :confused1:

[sasha.p]

Definatley yes I spoke to the tax man just last week and asked exatly the same question, not only did he hand me top class advice he also wants me to go deal with two conifer's in his garden:thumbup:

[farmer_ben]

its for reasons like this i pay a good accountant! no need to worry then, he'll know exactl;y what i can and cant claim for