FAQ: Is training tax deductible?

At Silicon Beach Training we're commonly asked whether training is taxable 

or vatable so thought we would explain the general UK tax rules for both self-employed and employers here. Many business owners and HR managers presume that any costs incurred on training are tax deductible, however there are some exceptions depending on who is paying and what the purpose of the training is.

Once you've cleared up your tax confusions, have a browse of our many IT, Business and Management training courses: we offer SEO Training, Photoshop Training, PRINCE2® Training, HR Training and Train the Trainer Training.

Meeting government requirements for Health and Safety, of course, has the ultimate goal of protecting your employees from harm. You would not want a workplace accident on your conscience, or to feel responsible for long-term effects from work on someone’s health.

Further to this, having staff trained in IOSH Managing Safely means reduced insurance premiums, enhanced local reputation, increased productivity, reduced absence, and protects you against legal costs – or even imprisonment!

Within the company, the role of managing health and safety usually falls to a manager or supervisor. It is vital that they undertake training in Health and Safety law and practices in order to fulfil this role and protect the rest of the staff.

Here's some more on those ways that following Health and Safety practices can benefit your business:

1. Reduced Insurance Premiums

Proving that you have managers who are trained in Health and Safety issues will reduce your insurance premiums because, of course, it means you are less likely to make a claim. Not only that, but the actions taken to prevent injury or illness will mean those premiums stay low because no claims are made.

As taught on our PRINCE2® Training course, PRINCE2 is a methodology that can be tailored to any project. Therefore it is necessary for there to be a project management structure that can also be tailored to any project.

Using this structure allows us to identify who does what on a project without knowing anything about its size or complexity. The team structure is divided into roles, not jobs and so can be allocated individually or even combined.

Here is our flexible project management team structure:

Here at Silicon Beach Training we pride ourselves on our successful PRINCE2 Foundation training having a 99% pass rate. It must be something to do with the Brighton air, or maybe it's the quality of our training!

Defining the project management team structure

The corporate/ programme management site at the top but pass the decision making down to the Project Board. If you want to sit at this level you need MSP training, which is the next step after completing your PRINCE2 Practitioner training.

The Project Board are also busy on roles outside of the project and so delegate the day-to-day running of the project to the Project Manager. They are there to make the key decisions but if they believe they don't have the time or the right skills then they can appoint somebody to Project Assurance to monitor the project for them.

Silicon Beach Training is one of the UK's leading providers of PRINCE2® Foundation Training and PRINCE2® Practitioner Training courses, with PRINCE2® Training in-company and at our training centre in Brighton.

What is Product Breakdown Structure (PBS)?

A product breakdown structure (PBS) is a fundamental part of project management and the PRINCE2® methodology.

A PBS is a tool used to assess, plan and display the outcomes required of a project. It is part of a product based planning technique and attempts to break down all components of a project - in as much detail as possible so that nothing is overlooked.

It is important to note that products may be physical or conceptual and may include tools required to manage the project e.g. test documentation, requirement specifications or safety certifications.

Product Breakdown Structure Example:

The image above demonstrates an example of breaking down the required components of a computer. 

As you see a PBS offers a clear, exhaustive and hierarchical structure of all deliverables.

Our PRINCE2® training courses in Brighton are taught by professional trainers with an extensive background in Project Management.

We are so confident that they will guide you all the way to a pass that we'll give you the training again for free if you're not one of the 99% that do! You can find out more about our exam guarantee on our PRINCE2 Training page.

For more comprehensive tips to help you pass your exam, download our free PRINCE2 Practitioner Exam Tips eBook.

Already done the training and about to sit the exam tomorrow?

Read these handy tips to help you perform to your best:

1: Read the manual! It sounds silly but you'd be surprised how many skim read the PRINCE2 manual or miss out chunks. Our five-day PRINCE2 Practitioner training is very intensive, so do yourself a big favour by reading the manual right through in advance.

We've drawn on the experience of our Assertiveness trainers and the content of our life-changing Assertiveness & Confidence Building Course to put together our free Confidence Building Exercises eBook.

Download the eBook for free and begin the journey to a more confident attitude at work and at home.

Continue your self-improvement with our 2-day Assertivness Course and start taking action.

Whether it’s at an interview, the first day of a new job, after receiving criticism or when given additional responsibility - sometimes you just need to take a bit of time to address your confidence levels and take ownership of improving them.

In this free Assertiveness eBook you can learn 5 exercises to get an instant boost of confidence and take control of situations.

Even if you don’t want to try all these exercises at once, you can pick and choose depending on the situation. The main thing is that you do take action. Knowing that you’re taking responsibility for improving your confidence will – guess what – start improving it.

Exercises covered in the eBook:

• Exercise 1: List your strengths
• Exercise 2: Practice confident body language
• Exercise 3: Record your achievements
• Exercise 4: Challenge yourself to compliment others regularly
• Exercise 5: Practice speaking up

?For more help with self-improvement at work, see the Personal Development category on our blog.

We've drawn on the experience of our Assertiveness trainers and the content of our life-changing Assertiveness & Confidence Building Course to put together our free Confidence Building Exercises eBook.

Download the eBook for free and begin the journey to a more confident attitude at work and at home.

Continue your self-improvement with our 2-day Assertivness Course and start taking action.

Whether it’s at an interview, the first day of a new job, after receiving criticism or when given additional responsibility - sometimes you just need to take a bit of time to address your confidence levels and take ownership of improving them.

In this free Assertiveness eBook you can learn 5 exercises to get an instant boost of confidence and take control of situations.

Even if you don’t want to try all these exercises at once, you can pick and choose depending on the situation. The main thing is that you do take action. Knowing that you’re taking responsibility for improving your confidence will – guess what – start improving it.

Exercises covered in the eBook:

• Exercise 1: List your strengths
• Exercise 2: Practice confident body language
• Exercise 3: Record your achievements
• Exercise 4: Challenge yourself to compliment others regularly
• Exercise 5: Practice speaking up

?For more help with self-improvement at work, see the Personal Development category on our blog.

Welcome to our PRINCE2® Training Resources page, here you can find all our online resources including our PRINCE2 Quiz, PRINCE2 eBook and PRINCE2 Templates. You can use these resources to revise for your PRINCE2 exam or to start learning about PRINCE2 and all its features.

If you would like to learn more about PRINCE2 Training or take a PRINCE2 exam then come along to our PRINCE2 Foundation Training, PRINCE2 Practitioner Training and PRINCE2 Practitioner Conversion Training in Brighton, Sussex.

Is there something we've missed? Let us know in the comments and we'll do our best to add it as soon as possible.