Upgrade to ChromeUpgrade to FirefoxUpgrade to Internet ExplorerUpgrade to Safari

31st October 2019

Have developing your skills been on your mind lately? Do you think there is an opportunity emerging in your industry? Worry not, your company can help you.

We’ve already touched on employment benefits you can utilise in an earlier blog, but did you know your company can support your career? We are here to tell you what you can and cannot claim through your business.

Developing your skills

HMRC’s rule state that as long training is work-related and the aim is to improve or extend your existing skillset, it is allowable. It is worth noting that, like with any business expense, HMRC may ask you to demonstrate that this is the case.

So what in particular can you claim?

First of all, the course fees. Your company can pay the tuition fees directly to the provider, or you can, of course, pay this yourself and then reimburse, but the first option is probably more straightforward.

Any related education material may also be claimed as well as in books, software or hardware if required.

You can also put through travel and accommodation expenses that you incurred while attending the course, and as with all business expenditure, make sure that you retain copies of your receipts.

Conference and industry shows

If updating your knowledge or networking involves attending conferences and events, you can get tax relief on those as well. The same principle applies, when deciding to submit them with your expenses, just make sure they are business-related. In “business-related” we, of course, mean that the results of you attending a trade event will result in more business for your company.

Similarly to training, travel to these events are also allowed. Often we find that our clients take a partner along on these trips or extend it to include a few days holiday, which gives it another purpose (private). If this occurs, you must remember not to claim any travel or accommodation as these are not exclusive to the event.

How can MyAccountant help?

If you are unsure what you can claim, remember to call your assigned accountant, who will be happy to help. Often we can highlight items you can claim and may not have thought of.

For more useful guides and articles, please visit the blog page of our website, and to keep up to date of what we publish follow us on LinkedIn, Facebook or Twitter.

If you’d like to talk to us, e-mail info@myaccountant.co.uk or call 0800 917 9100, we will be happy to help.

Latest Posts

Self-employment Essentials Have you been sitting on an idea for a while and decided to go for it this time?…

Read Full Article

Customer Testimonials

“I set up my consulting company after completing my work for London2012 and chose MyAccountant. They effectively supported me during the company set up and answered initial queries in an informative and prompt manner. ...

View full testimonial


“Both during the companies’ initial set up and since that time, MyAccountant have shown first class care and diligence in looking after my personal and my business accounts. As a result, I have been ...

View full testimonial


“I have been with MyAccountant for many years and they have supported me through a range of different business needs.  From my being a marketing consultant to my running a small publishing company, and ...

View full testimonial


“I have been using MyAccountant for seven years now and can highly recommend their services.  I use them for both my company accounts and personal finances and find their knowledge, professionalism and attention to ...

View full testimonial


Speak to our team on
0800 917 9100

Or click here to contact us

Join My Accountant Today

Fill out our registration form