I work full time for an accountants, I am paying my college fees, am i entitled to tax relief?
I am in my final year studying for my AAT qualification, I have paid my fees for the last 3 years including the exams fees, am i entitled to any tax relief, if so how do I go about doing this?.
United Kingdom - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
hang on, you work for accountants and you're asking us?????
Answer 2 :
SURELY your BOSS is the best one to ask, lol??!! If you have done 3 years in college studying accountancy, I worry what you have been doing with your time!
Answer 3 :
You should know! Check it out the HM Revenue & Customs site...
Answer 4 :
I don't think so. To be allowable for tax relief against earnings from your employment, I believe expenses have to be incurred wholly, necessarily and exclusively in connection with that employment. In your case, I'm sure the taxman would argue that the course and exam fees are being incurred not in connection with your present job, but in connection with the better job you hope to get once you have qualified. If, once you have qualified, you have to go on compulsory CPD (refresher) courses, the fees for them should be allowable because the courses will be wholly, necessarily and exclusively incurred in connection with the job which you will then have.
Read more other entries :
