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Latest tax tips & news
Dec 2025
- Top earners see an increase in HMRC investigations
- Treasury dealt blow as thousands of EV drivers use tax loophole
- Many risk paying tax twice due to multiple HMRC letter demands
- Snail farms discovered in London offices in tax avoidance scheme
- December Questions and Answers
- December Key Dates
- Autumn Budget 2025
Tax-deductible training costs
Newsletter issue - December 2023
As a business owner or as a self-employed person, you may have costs from time to time for training. It may be for yourself or for an employee. Some businesses may have found it hard to understand the current guidance on which training costs are tax-deductible. So, you may be pleased to know further guidance is set to come in this area. HMRC has said it will be coming forward with clarifications.
HMRC says the new guidance will help businesses to be 'confident that updating existing skills or maintaining pace with technological advances or changes in industry practices, are allowable costs when calculating the taxable profits of a business.'
However, we're not sure yet on timings for this. It will not feature in the Autumn Finance Bill but will come later in secondary legislation or a future finance bill, HMRC has stated. A case of watch this space.
