Training: Tax Allowances
(asked on 17th December 2014) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what definition of training his Department uses for the purposes of allowing tax relief on employer spending on training.
This question was answered on 8th January 2015
In calculating taxable business profits, employers can deduct revenue expenditure on any kind of employee training providing the expenditure is incurred wholly and exclusively for the purpose of the business.
More detail on tax deductions for expenditure on staff training and development is available in HMRC’s Business Income Manual