Can I claim for training and development expenses in my business?

This can be quite a complex area so we would recommend contacting us, or your existing accountant for full information on your circumstances.

In summary however, if the expenditure is to extend or improve existing professional knowledge or skills, this would not be deductible for tax purposes. If the course or training is to update existing professional knowledge or skills, this would be allowable as a tax deductible business expense.