We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Should I be taxed on course fees taken from salary
FTB83
Posts: 160 Forumite
Hi - I'm not sure if this is the right place for this, but I wonder if anyone could help me with the following:
I am currently studying a year-long course which cost £2,000 - my employer agreed to pay £1,500 of this and I am paying the other £500 myself. So they paid the course fees in full, and I have been paying them £35 per month taken straight from my monthly salary since May of last year, finishing this July or August I think. The thing is, this £35 is coming out of my pay packet after tax. I've just done a salary calculator (following our inflation payrise), and there's an option to input 'loan from company' - I've put in what I owe and it's calculations for my final salary have taken the £35 per month out before I pay tax.
Can anyone shed some light on this? Is what I'm paying technically a 'loan' from the company? It is just detailed on my payslip as 'course fees'.
Thanks,
FTb83
I am currently studying a year-long course which cost £2,000 - my employer agreed to pay £1,500 of this and I am paying the other £500 myself. So they paid the course fees in full, and I have been paying them £35 per month taken straight from my monthly salary since May of last year, finishing this July or August I think. The thing is, this £35 is coming out of my pay packet after tax. I've just done a salary calculator (following our inflation payrise), and there's an option to input 'loan from company' - I've put in what I owe and it's calculations for my final salary have taken the £35 per month out before I pay tax.
Can anyone shed some light on this? Is what I'm paying technically a 'loan' from the company? It is just detailed on my payslip as 'course fees'.
Thanks,
FTb83
0
Comments
-
I believe it depends on the course.... in a similar vein I have subscription to 2 professional bodies but one of them is taxable and the other isnt... dont know the criteria on which it is decided if it is taxable or not.All posts made are simply my own opinions and are neither professional advice nor the opinions of my employers
No Advertising or Links in Signatures by Site Rules - MSE Forum Team 20 -
Thanks Astaroth - I might just query this with work. Unfortunately, they're not the most helpful in terms of looking into things...worth a try though.
FTB830 -
Any courses which you undertake as part of ongoing training is tax allowable and should be claimed as such through your tax return.
Do phone your local tax office and query this with them.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.5K Work, Benefits & Business
- 604.3K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards