Claiming a Training Course as a Business Expense

At ICON Accounting we love to share our knowledge, see below the details on claiming a training course as a day-to-day business expense. 

Allowable Training Courses

Tax relief claimed on training courses which are required for a specific contract.  All training courses must be carried out within the timeframe of the contract and demonstrated as a direct requirement for the contract. Should you wish to undertake a training course and can show that it is relevant for your contract  you will be able to claim tax relief at up to 52% through your limited company

Supporting Information Required

• Receipts must be made out in name of the Limited Company.
• In the event of a Revenue enquiry you must be able to show how the course was a relevant business expense for your limited company. 

Non-Allowable Training  

• Long term educational courses including Diploma/ Degree/Masters.
• Courses which exceed the duration of an assigned contract.
• Personal Educational or Training courses that are related to your line of work.

Other Courses  

• Certain education courses may be claimed through your personal tax return as a tax credit at 20%

Seeking more information in this area? Don't hesitate to get in touch by email at info@iconaccounting.ie