Traning expenses via limited company

[dulac2009]

Hi,

I have a UK limited company.

I have partially expensed through that UK limited company a training (a part-time Master Of Business Administration degree) that help me to inprove my skills in order to perform my job.

I think the UK tax man is very likely to challenge that expense. What can I do?

Can I repay that expense to the company even though the expense occured in a different tax year?
What would it cost?
Will I be fined by teh UK tax man for doing so?

Thanks for your help.

D.

[northernladuk]

in title.

A degree in 'using the search tool on this site' would help you no end TBH.

[malvolio]

It's almost certainly a Benefit in Kind (there's been a lot of discussion about why that it is so...). Declare it as such on your next SA form and pay the associated tax. Don't declare it and risk going to jail. Simples...

But if you have an accountant, get an expert opinion.