Re: Ltd company and tutition fees


<usenet@xxxxxxxxxx> wrote in message news:3s6pmuFmsvtrU1@xxxxxxxxxxxxxxxxx
> Anyone@xxxxxxxxx <HuttonHenry@xxxxxxxxx> wrote:
>> Years ago when I worked for a large corporate they offered employees
>> the opportunity to attend non-work related courses at University at
>> degree level for which they paid for. Due to circumstance I wasn't
>> able to attend.
>>
>> Now I work for myself via a Ltd company and attend Univversity and
>> wonder if my company is allowed to pay for the fees. They are approx
>> £1200 a year. Any advice would be appreciated.
>>
> I would guess that you'd be OK doing this as I suspect that reasonable
> expenditure on education will not be questioned by the IR. Apart from
> anything else the education could be claimed to be 'speculative' in
> order for the Ltd. company to explore new areas of business.

I believe that the above is wrong

AIUI the company may pay (without generating a taxable charge)
for the employee to attend a course which provides the recipient
with a specific skill to do a current piece of available work.

They may not pay (without generating a taxable charge) for an
employee to gain a generic skill which simply enables them to
better market themselves to do types of work that they are
currently unable to do (comercially).

tim


.

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