I'm just about to set up a limited company - as I work in the IT Contract market - and the accountant that I'm thinking of using has suggested that as long as I can prove that my flying is towards a career and not as a hobby then I should be allowed to claim some of the cost back as expense or maybe even the VAT.
Now, being a law-abiding citizen who's had the fear of the taxman put into him, I can't help but wonder if this is strictly legit.
Are there any other wannabes who have fulltime contract jobs - as well as pilot aspirations - who have limited companies that claim back some of their cost towards their flying training?
Is this a subject that nobody is going to own up to?
With NVQ down the swanny and VAT being imposed on training in the UK, but not in countries like Spain, surely there must be others out there who have stumbled across this?
MB
[ 03 November 2001: Message edited by: monkeyboy ]