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Self employed - Is education tax deductable?

joejoem · 2006-09-12 10:54:25

hi, I have recently set up a company and I am doing a course to support it. The cost of the course is €2,500. I was going to pay out of my personal account, should I pay this out of my company account and could I claim back expenses on it? Thanks

12-09-2006 10:54am

#1

joejoem

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Posts: 3976

hi,

I have recently set up a company and I am doing a course to support it. The cost of the course is €2,500. I was going to pay out of my personal account, should I pay this out of my company account and could I claim back expenses on it?

Thanks

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Comments

#2 12-09-2006 11:52am

jmiom

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Join Date: September 2006

Posts: 7

Not sure if it helps, but as long as it's of benefit to the company and not just the individual then the company should pay it. And to demonstrate this, the company should pay it directly. It'll prove easier than having to prove an employee encountered expense was company related, later on....

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#3 12-09-2006 4:41pm

Moonbeam

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you might be able to claim tax relief on it.

revenue.ie has more info

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#4 12-09-2006 7:26pm

DublinWriter

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Yes, if it's beneficial to your company.

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