University Sponsorship

[ReedMace]

It has been suggested that I post my question here...

Does anyone know what the legal and tax implications are for my v small company sponsoring my son by paying his university fees? His course is in the same area of work as that undertaken by the company.

ReedMace

 

[jeffbearcroft]

For any company expenditure to be allowable for tax purposes it must have a direct benefit to that company. If not, there are potential P11D issues for you.

Regards

Jeff

It has been suggested that I post my question here...

Does anyone know what the legal and tax implications are for my v small company sponsoring my son by paying his university fees? His course is in the same area of work as that undertaken by the company.

ReedMace