VAT and tax deduction
I'm considering an Ab-initio ATPL soon and am wondering if it's possible to set up a company VAT register deduct the cost of the course from this year's income tax bill (I am currently employed full time) and get the VAT back as well. If this is possible then it could save thousands of pounds!
Have I just saved us all a few bob at Mr Blair's expense of is there a reason why this can't be done??
Any accountants out there care to comment?
Desk-pilot