Re: HGV training costs.
- From: Ronald Raygun <no.spam@xxxxxxxxxxxxxxxxxxxxx>
- Date: Mon, 20 Apr 2009 13:20:37 GMT
tim..... wrote:
"Ronald Raygun" <no.spam@xxxxxxxxxxxxxxxxxxxxx> wrote in message
news:DiXGl.16457$OO7.2056@xxxxxxxxxxxxxxxxxxxxxxxxxxxx
tim..... wrote:
The cost of acquiring skills to obtain a new career are generally
It is interesting that you use the word "generally", because it suggests
that there may be exceptions. Would you care to expand on that?
I was CMA in case someone came up with a case.
But actually the situation differs if the prospective employer pays for
the
training. In this case it doesn't generate a BiK, but if you pay for it,
it doesn't become tax deductible (AIUI).
What if you pay (reimburse) the prospective employer for it, by taking
a reduced salary for the first year? Then it does in effect become tax
deductible.
not an expense claimable against the income from that career.
Well, logically this is obviously wrong, since it is an expense
wholly and exclusively incurred for the purpose of that career.
The word "career" is telling, and needs to be distinguished from
"employment". This is the problem here. If you spend money on
acquiring a skill, this will be a skill for the life of the career,
but of course the career may span several employments, so it doesn't
really make sense to claim the expense against the income from the
first employment, never mind the first year's income. It would make
more sense to amortise the expense over the whole career, and then we
have the difficulty of not knowing at the outset how long the career
will last. He might work as a lorry driver for 20 years before he
retires, or he might jack it in after 2 years when he decides it's
not really what he wants after all.
In a way, a skill is like a capital asset, and so it would make sense
to be able to claim capital allowances.
All nicely argued. But the revenue don't see it this way, and no-one has
successfully challenged the IRs interpretation.
If they did, the costs of my three year's at Uni (course fees,
accommodation, beer money!) would be tax deductable
Well, no. Beer and accommodation are private costs which you would
have incurred even if not studying. Course fees cover your education,
they are not job-specific training. I dare say that in principle (I
don't know what it is you do) your degree is not strictly a job
requirement. It merely opened doors...
One also needs to distinguish between pure training on the one hand
(and let's face it, how difficult can it be to drive a lorry?) and
You are right and the previous poster said this.
But the question asked was about the initial (trivial!) part of learing
how to manoeuvre the lorry.
I'm not so sure. The OP mentioned thousands of pounds. The trivial
part can be learned in a couple of hours of lessons, which can only cost
the odd hundred.
The rest must therefore have been fees for guiding the trainee through the
hoops necessary to acquire the necessary certificates. :-)
.
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