Tax refund for Training

stevec59

Hi,
My wife is going to be unemployed at the end of the month, she is getting a reasioanble amount of redundancy, she was looking at doing some on line training, I think it's @£1,500, can she get Tax back on that?

Thanks

Steve

Dazed_and_confused

When is she likely to pay for the training, after 6:4:2013?

stevec59

Dazed_and_confused wrote: »

When is she likely to pay for the training, after 6:4:2013?

I think that she has already paid for it 0% finance, does it matter if it's this tax year or next?

She has some exams to pay extra for, that will be after April.

Thanks for the reply...

Steve

System

Also as she is unemployed that that may throw a spanner in the works because it can not be 'wholly and exclusively' for her job.

http://www.taxinsider.co.uk/186-Learning_the_ropes_tax_relief_for_expenditure_on_training_courses.html gives a bit of insight but of course it is geared around somebody who is working.

Dazed_and_confused

stevec59 wrote: »

I think that she has already paid for it 0% finance, does it matter if it's this tax year or next?

She has some exams to pay extra for, that will be after April.

Thanks for the reply...

Steve

Well if it was paid in the next tax year what tax would she have paid in that year to claim back?
A bigger problem though is that you cant get tax relief on this type of training costs. this is made clear in hmrc guidance
http://www.hmrc.gov.uk/manuals/eimanual/EIM31650.htm

heretolearn_2

Only if the training is required to maintain her current role and job - for example a lot of professionals have to do a certain amount of CPD (continuing professional development) courses each year. But training that towards improving your qualifications or training for a new career, doesn't count.

stevec59

Thanks everyone, loks like she's going to be out of luck, don't make it easy do they :mad:

She has signed up and paid for the course, but she want s learn something different, she hopes to earn more money and have more of a chance to get another job,so, you pay for a training cores £1,200 and Exams £300, you don't get any Tax releif \ bemefit. You then get a new job earning a nice salary and get Tax accordingly on that salary :mad:

Steve

saintjammyswine

Shame whe has already paid for it as she was made redundant, she would qualify for ESF (European Social Fund) Skills Support for Redundancy (SSR) funding (usually) through your local FE College. Depends on what she wants to study it might be worth getting in touch with them still to see what she can get for free.