An employee who underwent training for his job claimed the cost as a tax deduction. HMRC refused to allow it and the First-tier Tribunal agreed with it. What were the tribunal’s reasons and can
training costs ever be tax deductible?
Published 18.04.2016
The tribunal recently considered how much, if any, of a sponsorship payment made by a company was tax deductible. The judgment includes pointers on how to ensure you’ll get a deduction. What are
they?
Published 25.10.2012
One of our subscribers was unlucky enough to be hit with a Companies House penalty for sending in accounts late. His question for us was - do the fine and other fees qualify for a Corporation Tax
deduction?
Published 14.05.2012
Keeping your customers happy is a vital part of your business’s success so you might think buying them the occasional lunch should be tax deductible. But the Taxman says “no”! Is there a way around
this?
Published 03.11.2011
A recent court case looked at whether the costs of attending courses as required under a contract of employment were tax deductible for an employee. What about courses you go on as a director?
Published 19.07.2007
A recent decision of the Special Commissioners showed how hard it can be to obtain tax relief for expenses connected with training courses. How can you increase your chances of getting a tax
deduction?
Published 07.12.2006
You’ve been told that employee training costs are allowable if they are incurred wholly and exclusively for the benefit of your business. If it’s you who wants to undertake the training in 2008
what’s your and the company’s position?
Published 31.01.2008
A subscriber recently told us that the Taxman refused to allow a deduction for the cost of a business seminar, saying that as the expense was partly for a non-business reason, the whole lot didn’t
qualify. Was he correct?
Published 02.11.2010
Whether you’re aiming to expand or are just starting out, buying into a tried and tested business model through a franchise can improve your chances of success. But will the Taxman allow you a
deduction for your investment?
Published 08.02.2012
One of our subscribers, who runs a one-man company, wanted to know if he was entitled to a tax deduction for the cost of an extravagant meal with his partner following the completion of a successful
contract?
Published 04.07.2017