BusinessPeople In BusinessFDs back idea of tax credit for training

FDs back idea of tax credit for training

Tax incentives to encourage more spending on training would be given a warm welcome by the vast majority of finance directors, according to this week's Accountancy Age/Reed Accountancy Personnel Big Question.

With Gordon Brown’s pre-budget report expected to be announced on 27 or 28 November, an overwhelming 63% of FDs said they would increase investment in training if the government introduced a credit.

Reg Eldridge, FD at Ace Noon Sign said it was ‘a very good idea’. He added: ‘The government used to assist with training and it was very beneficial to small companies.’

David Gathergood, FD at PCI Membrane, said: ‘With an outside incentive we would definitely invest more money.’

But many FDs said incentives would not change training levels. Rod Poxon, FD at Geismar, voted with the 23% of FDs who said incentives would make no difference. They would ‘be an administrative burden’, he said.

Links

UK plc wastes millions on training

Related Articles

Shortlist announced for British Accountancy Awards 2017

Accounting Firms Shortlist announced for British Accountancy Awards 2017

4m Emma Smith, Managing Editor
Pimlico Plumbers to take employment case appeal to Supreme Court

Legal Pimlico Plumbers to take employment case appeal to Supreme Court

4m Alia Shoaib, Reporter
HMRC appoints new director generals

HMRC HMRC appoints new director generals

5m Alia Shoaib, Reporter
Submit your entry for the British Accountancy Awards!

People Business Submit your entry for the British Accountancy Awards!

6m Emma Smith, Managing Editor
BDO appoints two non-executive directors as advisers to leadership team

Accounting Firms BDO appoints two non-executive directors as advisers to leadership team

6m Emma Smith, Managing Editor
Ex-HMRC chief to join ICAS council

HMRC Ex-HMRC chief to join ICAS council

8m Emma Smith, Managing Editor
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Settlement reached between Margaret May and CIMA

Accounting Standards Settlement reached between Margaret May and CIMA

11m Stephanie Wix, Writer