Tax Insider Tip: Will Your Training Costs Qualify For Tax Relief?
Is tax relief available for training costs? Currently, it depends on whether the individual is self-employed or an employee. For the latter, it also depends on whether the employee or employer incurs the costs.
In October's issue of Tax Insider, Kevin Read discusses the current tax relief available for work-related training and looks at proposals to extend it to encourage self-funded training, particularly where ‘upskilling’.
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