PPRuNe Forums - View Single Post - Can you reclaim the VAT and/or tax on training costs?
Old 7th Feb 2006, 17:32
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PushToShock
 
Join Date: Feb 2006
Location: uk
Age: 51
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Reclaiming VAT on ATPL(H) Training (UK)

Apologies if this has already been covered in another thread. I’ve searched the site but haven’t had any luck so far.

Probably a familiar story to most of you. I’m using the equity from a house sale to fund an ATPL(H) and then possibly a twin turbine rating and IR. My aim is to work offshore initially and then hopefully find my way to HEMS or Police work some time in the future.

I’ve been advised by many to consider setting myself up as a business in order to claim back the VAT on my training, but unfortunately have little idea of how to proceed.

The scary man at the VAT office has said that I must work freelance after training in order to claim, and that I must be able to prove that that is my aim.

Has anyone been through this particular minefield? Questions that spring to mind are…

Is this all a non-starter? Should I just crack on and accept this is going to cost a lot of money!

Is this an easy enough process or should I employ an accountant?

If I do claim VAT back and then don’t work freelance…what happens?

Plus many more……

I’d be grateful for any advice, experiences or referrals. Thanks in advance.


PTS

Last edited by PushToShock; 8th Feb 2006 at 16:16.
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