tax question
Hi All
An accountant friend (large buisness accountant rather a personal one) floated this idea to me the other day, and I wondered if anyone else has done the same thing, is it possible?
Do the CPL, register a company, then when you do the IR claim VAT back on that.
He said the idea being, that you can earn money with a CPL, albiet not with airlines, and the IR part of the course is further training with you can get tax back on. He said the general theory is you cant claim tax back on a course to enable you to start the company, but further courses that you take can be claimed on.
Anyone else have any experience of this?