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Newbie Tax Question!

Hi

I work as a management accountant for a finance firm. A couple of the people in my team are studying for CIMA (Chartered Institute of Management Accountants) and the company is paying for it. I’ve just started doing CIMA as well – though the company won’t pay for me as they already have two in the team studying for it. So I’m paying for it myself. Does anyone know if I can claim some sort of tax relief for this please? I’m paying for course fees, exam fees and annual subscriptions.

Many thanks in advance
BG

Comments

  • BoGoF
    BoGoF Posts: 7,098 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Only thing you can claim for is the annual subscription
  • I agree with BoGoF, however, one other thing you could do is enter into a salary sacrafice arrangement with your employer whereby you give up £x from your salary and they pay £x to fund your training; this should be a tax and NI efficient.
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