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Thread: V.A.T. Petition
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Old 3rd April 2001 | 12:36
  #15 (permalink)  
foghorn
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Put me down - I've already written to my MP about this, I got the usual treasury bluster back:

"We believe that the issues regarding self-sponsored pilot training are something that the industry should be responsible for: for companies the VAT is deductable".

Basically says 'if we pretend these people don't exist we can go on stitching them up'.

Don't expect any help from the government, guys, it gets bigger headlines and buys more votes to bail out a few hundred workers at a car factory or steel plant every year than it does to help us.

Sagey yes, a company can deduct the VAT on training - basically they subtract the VAT on everything that they buy from the VAT on what they sell and pay the remaining amount to Customs and Excise.

Thus VAT is only really charged to end-users - you and me.

Ronchonner I though the local sales tax was levied on the aircraft rental part of any training over there.

[This message has been edited by foghorn (edited 03 April 2001).]