I did a webinar yesterday on some basic skills re setting up as self employed and associated subjects.
I asked a question whether or not the cost of training for new qualifications (licence categories) could be claimed as a business expense, the answer was simply no.
I clarified this in relation to the DCPC and was told if it was a new driver going for new qualification then no. If it was a refresher then yes.
stevo101:
I did a webinar yesterday on some basic skills re setting up as self employed and associated subjects.
I asked a question whether or not the cost of training for new qualifications (licence categories) could be claimed as a business expense, the answer was simply no.
I clarified this in relation to the DCPC and was told if it was a new driver going for new qualification then no. If it was a refresher then yes.
Discuss…
Well the training should be refunded, He hasn’t got a clue. Training/career advancement of any sort is tax deductable. PAYE, Self employed, or Ltd company.
Tools of the trade are tax deductable. For a plumber or mechanic it’s spanners, for us it’s passports, DCPC, ADR, Licence renewal, Driving lessons and tests.
It would be nice if you could ask him one more question, "Are accountancy fees tax deductable?
There is no simple answer to that one.
limeyphil:
Well the training should be refunded, He hasn’t got a clue. Training/career advancement of any sort is tax deductable. PAYE, Self employed, or Ltd company.
Tools of the trade are tax deductable. For a plumber or mechanic it’s spanners, for us it’s passports, DCPC, ADR, Licence renewal, Driving lessons and tests.
limeyphil:
Well the training should be refunded, He hasn’t got a clue. Training/career advancement of any sort is tax deductable. PAYE, Self employed, or Ltd company.
Tools of the trade are tax deductable. For a plumber or mechanic it’s spanners, for us it’s passports, DCPC, ADR, Licence renewal, Driving lessons and tests.
Is the right answer.
Yep, I’ll go along with that. It seems whoever the OP was talking to is a little confused.
stevo101:
I did a webinar yesterday on some basic skills re setting up as self employed and associated subjects.
I asked a question whether or not the cost of training for new qualifications (licence categories) could be claimed as a business expense, the answer was simply no.
I clarified this in relation to the DCPC and was told if it was a new driver going for new qualification then no. If it was a refresher then yes.
Discuss…
Well the training should be refunded, He hasn’t got a clue. Training/career advancement of any sort is tax deductable. PAYE, Self employed, or Ltd company.
Tools of the trade are tax deductable. For a plumber or mechanic it’s spanners, for us it’s passports, DCPC, ADR, Licence renewal, Driving lessons and tests.
It would be nice if you could ask him one more question, "Are accountancy fees tax deductable?
There is no simple answer to that one.
Can I claim for my ADR that I did in Feb 2012 or have I left it too late?
Harry Monk:
I claimed for my driver’s CPC and my Operator’s CPC and HMRC paid up with no problem.
How exactly did you claim and how did HMRC ‘pay up’.I am only now about to pay HMRC a balancing payment for the tax year 2011/12
You are an employee of a limited company so things may be different.
I was told that training was not tax deductible by my accountant many years ago but I still paid for it through the business.Do not assume that because you pay for things through your business account that your accountant is automatically always claiming off HMRC.
Sometimes accountants put things through the books that maybe they shouldn’t and you may get away with it for years until you are called in for an inspection.It will be you that ends up paying, not the accountant.
stevo101:
I did a webinar yesterday on some basic skills re setting up as self employed and associated subjects.
I asked a question whether or not the cost of training for new qualifications (licence categories) could be claimed as a business expense, the answer was simply no.
I clarified this in relation to the DCPC and was told if it was a new driver going for new qualification then no. If it was a refresher then yes.
Discuss…
Well the training should be refunded, He hasn’t got a clue. Training/career advancement of any sort is tax deductable. PAYE, Self employed, or Ltd company.
Tools of the trade are tax deductable. For a plumber or mechanic it’s spanners, for us it’s passports, DCPC, ADR, Licence renewal, Driving lessons and tests.
It would be nice if you could ask him one more question, "Are accountancy fees tax deductable?
There is no simple answer to that one.
Can I claim for my ADR that I did in Feb 2012 or have I left it too late?
*edit to add, I’m PAYE
Yes, You’ve plenty of time. six years to be exact. You’ll need form P87 and the booklet that goes with it.
When you get it give me a shout, there’s a few things to tell you that’ll make it much easier.
and don’t worry about reciepts. it’s self cert.
Clearly before I committed in funding this, I spoke to my accountant. But I am paying for my step son to do his full HGV from scratch, and he will be subbying for me as S/E as opposed to employed by me to avoid the governments 28% tax con for PAYE and my NI employees contribution, and its not a problem.
Maybe the OP needs to speak to a GOOD accountant as opposed to HMRC.
ironstipper:
Clearly before I committed in funding this, I spoke to my accountant. But I am paying for my step son to do his full HGV from scratch, and he will be subbying for me as S/E as opposed to employed by me to avoid the governments 28% tax con for PAYE and my NI employees contribution, and its not a problem.
Maybe the OP needs to speak to a GOOD accountant as opposed to HMRC.
I am not certain to the true answer to this question being neither an accountant or a HMRC tax inspector.
One thing I am sure of is that accountants do NOT tell HMRC what the rules are and if your “GOOD” accountant is letting YOU claim for something that he shouldn’t then he is more than likely hiding it as something else and hoping that your books never get inspected.