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Hi there
I would like your view on the following:
Limited company. One of the directors get an improvemnt course invoice to and paid by the company, which also pays the entryfee for the exam to obtain the new qualification.
Is all of the above to be treated as Training costs, which is an overhead? could this impact on the director's p11D as a benefit in kind?
I have read in some forums that training expenses cannot be deducted from company's profits. Is my understanding correct that this applies only to sole traders?
Thanks
Paolo
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