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HMRC Consultation on self-funded training costs closes

Posted: June 20, 2018

HMRC is considering relaxing rules regarding the tax relief on self-funded training. The current tax rules are very restrictive as to when tax relief is available for self-funded training. For the employed tax relief is only generally available where the training is a contractual requirement. For the self employed tax relief is available for enhancing additional skills but not developing new ones.

The early stage plan is for new legislation to be introduced to broaden and equalise the tax relief available for self-funded training costs.

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