PPRuNe Forums - View Single Post - Can you reclaim the VAT and/or tax on training costs?
Old 22nd Mar 2006, 22:30
  #75 (permalink)  
mongoose237
 
Join Date: Jan 2006
Location: europe
Posts: 148
Likes: 0
Received 0 Likes on 0 Posts
VAT on training

A quick VAT question

The discussion about VAT invariably pops up with prospective commercial pilots. I am able to outline the basics about voluntary registration as a sole trader, back dating registration if necessary, time limits on claiming back goods/services already paid for etc (and of course recommending they employ the services of a good accountant or at the very least the VAT helpline).

However, the one point I can't offer any general advice on is if you wish to remain employed. Can anyone - in very vague and general terms - explain:

1. If it is possible to register as a sole trader and still be employed; and
2. If it is not possible as a sole trader, is there another route that can be used to reclaim the VAT?

I appreciate that it is a very complicated subject so I'm just after the basics

Many thanks in advance
mongoose237 is offline