Work-related training tax exemption, tax allowance
- Name of the instrument - Local language
- Work-related training tax exemption, tax allowance
- Name of the instrument - English translation
- Work-related training tax exemption, tax allowance
- Scheme ID
- 224
- Country
- United Kingdom
- Reporting year
- 2015
- Type of instrument
- Tax incentive for companies
- Type of entry
- Single instrument
- Short description
Taxes are reduced where an employer, or a third party, incurs expenses on work-related training for employees. It does not matter whether the employer directly incurs the expenses or reimburses the employee's expenses. The exemption covers sums that would otherwise be taxable as earnings, as benefits, or under the voucher rules.
- Short description of the related instruments
nap
- Level of operation
- National
- Name of a part of the country
- nap
- Name of the region (for regional instruments)
- nap
- Name of the sector (for sectoral instruments)
- nap
- Relevance
- Key scheme
- Legal basis
The Vocational Training (Tax Relief) (Amendment) Regulations 1997 (amending section 129(4) of The Finance Act 1996 (c.8)
- Objective(s) and target(s)
The exemption in Section 250 ITEPA 2003 removes any possible tax charge where an employer, or a third party, incurs expenditure on work-related training for employees.
- Year of implementation
- 1997
- Operation/management
Her Majesty's Revenue and Customs - responsible for monitoring.
- Eligible group(s)
All companies paying corporate tax: private, profit making companies
- Group(s) with preferential treatment
None
- Education and training eligible
Work-related training
- Source of financing and collection mechanism
State, central government (loss of tax revenue)
company- Financing formula and allocation mechanisms
Tax deduction of training costs against corporate tax on company profits: any possible tax charge is removed where an employer, or a third party, incurs expenditure on work-related training for employees. It does not matter whether the employer directly incurs the expenditure or reimburses the employee's expenditure.
- Eligible costs
Fees and other cotsts related to education and training (such as materials, travel, accommodation).
- Frequency of the use
Each year
- Volumes of funding
na
- Beneficiaries/take up
na
- Organisation responsible for monitoring/evaluation
Her Majesty's Revenue and Customs.
- Monitoring/evaluation reports available
na
The UK Government publishes no statistics on the value of tax relief and HMRC does not quantify the extent of tax relief even for internal purposes
- Most relevant webpage - in English
- Most relevant webpage - local language
na
- Sources
- Short description
- Short description of the related instruments
- Level of operation
- Name of a part of the country
- Name of the region (for regional instruments)
- Name of the sector (for sectoral instruments)
- Relevance
- Legal basis
- Objective(s) and target(s)
- Year of implementation
- Operation/management
- Eligible group(s)
- Group(s) with preferential treatment
- Education and training eligible
- Source of financing and collection mechanism
- Financing formula and allocation mechanisms
- Eligible costs
- Frequency of the use
- Volumes of funding
- Beneficiaries/take up
- Organisation responsible for monitoring/evaluation
- Monitoring/evaluation reports available
- Most relevant webpage - in English
- Most relevant webpage - local language
- Sources