PPRuNe Forums - View Single Post - VAT refunds on training (Merged 2011)
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Old 8th Jan 2011, 10:38
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Mr Grimsdale
 
Join Date: Jul 2008
Location: Twickenham
Age: 52
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Jacqueline, I can't really add much more than the others but if you are:
  • self employed and have a limited company
  • can prove the training is related to your work, i.e. you're not just doing it for fun
Then you should be able to claim the training as a legitimate business expense and effectively not pay income tax.
To reclaim VAT you will need to be registered for VAT and not just the Flat Rate VAT scheme. Assuming you're a one man (sorry woman) band you'll probably be on the Flat Rate scheme as it's normally more beneficial for day to day company use if you're not purchasing material/fuel/consumables etc. Speak to a chartered accountant and they should be able to advise.
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