An individual has a bright idea, and incorporates a company. He gets his friends to contribute through SEIS. The only fly in the ointment is that (at the age of 40) he cannot drive and absolutely needs to in order to get the bright idea working.
The company pays for the driving lessons. Benefit in kind? And if so, why?
No accountancy student receives a benefit from their employer.
There's an article on Tax Insider by Ray Chidell that suggests there should be no BIK.
https://www.taxinsider.co.uk/the-tax-result-depends-how-you-do-it-training-costs-ta
What do you think?
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