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| *Ostroff, Fair and Company>>>United Kingdom Taxes |
What is tax treatment of college sponsorship by employer? |
An employer sponsors a college where an existing employee studies. Does this need to be reported on form P11D and is Class 1A due ? I don't think it does need to be reported if the sponsorship is for the college as a whole and not simply for this student. If the sponsorship is directly related to the student who is attending college then the previous reply (re the work-related training) would apply anyway. So, all in - no need. For more info though, check the HMRC booklet on benefits to employees: Source(s): http://www.hmrc.gov.uk/employers/ebik/in... If the employer is paying for the employees study and it is necessary for the job (ie a chef undertaking food hygiene courses) then no liability is due. However if the employer was paying for a director to go on flower arranging courses or holistic therapy courses as a leisure pastime this would be a benefit in kind as the courses are not related to their job (unless they are a florist etc) Hope you get the gist of it! http://www.hmrc.gov.uk/employers/ebik/eb... Here is the proof |
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