Can you reclaim the VAT and/or tax on training costs?

[helicopter-redeye]

I predict a burst of comments about this having been covered before (If you search by member (Whirlygig) then it will appear as having been on the front page within the month). Say about P3 of the search screen?


h-r


PS which FTO are you going to?

[Camp Freddie]

Mr Trooper,

as mentioned its all been done before here, I even shoved in my own 2p worth

http://www.pprune.org/forums/showthread.php?t=198314

Regards

CF

[Whirlygig]

The subject has also been covered in the Instructors' Forum and Professional Training. In a nutshell, go and get professional advice from a qualified Accountant in practice. As everyone's circumstances are different, it would be difficult what is the best option for you. All that people can say is what worked for them.

However, Starshiptrooper, I can confirm that your 2nd option is, indeed, a big no-no!

Cheers

Whirls


PS - thanks h-r for the vote of confidence.

[helicopter-redeye]

It was more a question of remembering who had contributed the most to that debate. When I came to look for it myself, boy do you post a lot!

PS happy bithday for a few weeks ago, your Prun age-indicator flag went a bit redder

h-r

[starshiptrooper]

Thankyou very much for all your help

Wish me luck !!

[starshiptrooper]

Just been reading through the threads

Crikey, my heads on fire....pass me a bucket !

Anyone know of a good accountant...please pm !!

[md 600 driver]

senario

you get your self a part time or full time job with a friendly company
while you are employed by this company you do some training you also ask the company to reimburse you for any training done by you
you also say to the company that you will pay back the company 80% if you leave within a period of time and you will give them 80% up front as a guarantee
steve

like option 2 whats wrong with that
i am not a commercial pilot only a humble ppl but i do run/own a multi millon £ turnover company

[Whirlygig]

Nothing's wrong with it as long as the amounts include VAT.

Cheers

Whirls

[helicopter-redeye]

you get your self a part time or full time job with a friendly company
while you are employed by this company you do some training you also ask the company to reimburse you for any training done by you
you also say to the company that you will pay back the company 80% if you leave within a period of time and you will give them 80% up front as a guarantee

I think that is more or less the concept of the performance bond, but removing the word 'friendly' for the avoidance of doubt.

But to get to that point you may need the IR, which leads us back to the starting point.

But its Friday so happy weekend all.

h-r

[heights good]

Offsetting VAT or Tax

Very quick question but anticipating a very (un)quick answer

Can I claim back or offset tax/VAT on flying training seeing as I'm using it to obtain professional qualifications?

Thanks in advance

Heights good

[smith]

Been done many times before mate, do a search.

[heights good]

I would if it didn't keep saying "try again in 15 seconds" Why on earth is there a time limit on searching?????

[helicopter-redeye]

If you go to another more enlightened JAR country, you do not pay VAT on professional training.

h-r




1000 posts!

[XTEC]

VAT Registration

I have a PPLH. Thinking ahead to CPLH and Instructor Rating costs, can I register now for VAT with a view to becoming a self-employed freelance pilot after qualifying?

Any input much appreciated.

XTEC

[VfrpilotPB/2]

Think long and hard before joining the Vat regime, these people are absolute Ars**les and will cause you long sleepless nights, and if they thought for one moment that you were having fun,... then they will stuff you ,... Got the T shirt and still having the scars worked on!!

VfrpilotPb/2

[Whirlygig]

Yes you can but do your research first and get a good, professionally qualified accountant to help you through the process; by that, I mean a Chartered or Certified Accountant, not a retied bank manager who sets himself up for taxation services!!!

The VAT rules are more "forgiving" than the Income Tax rules; the latter have become so stringent, it is very difficult to justify self-employment especially if you just work for one operator or school.

Cheers

Whirls

[manfromuncle]

Discussed before:

http://www.pprune.org/forums/showthread.php?t=198314

Threads merged

SP

[choppertop]

Here's one that hasn't been covered...

I am a shopkeeper, owner of a limited company, and I sell menswear. I am now claiming back the VAT on my CPL training because, in due course, my admittedly rather diverse business will be supplying my piloting services as well purveying gent's underpants. My accountant assures me that, provided I am genuinely going into commercial aviation, this is a runner. Anyone here disagree? [I'm hoping for a reassuring complete silence.]

Got a nice new summer stock here in Midhurst, if you're passing...

[HeliCraig]

Choppertop... much the same situation. Have an existing (diverse) business and put my PPL(H) VAT through on the grounds that eventually it will progress to another source of income.

Received much the same advice as yourself from my accountant.

Got a notice informing me of a routine VAT inspection; at which point I expected to be told I would have to repay it all.

The chap accepted it at face value, although said they would come back out in 3 years to see how I am getting on. Apparently they accept that element of the VAT returns on an "intending trader" basis.

By all accounts though, not all inspectors are as accommodating!

[heliporto]

VAT CLAIM AFTER TRAINING, is it possible ?

Hi there

Would anyone know if it is legal for an European citizen (non British) to request a VAT claim in order to try to get back the VAT payed during CPL(H) training done in the UK. If so, would anyone know an UK accountant that has already gone through this ?

Any help really apreciated
Thanks a lot