The Chancellor announced that the government will not be taking forward proposals to introduce tax relief on self-funded work-related training.
Responses to a consultation over the summer found that introducing such relief would be unlikely to incentivise training, so the government is instead:
Any individual considering self-funding their own work-related training.
This measure will not be implemented.
The measure as originally proposed would have been unlikely to make significant change to the approach taken by individuals to work-related training. The alternative of a National Retraining Scheme would appear to offer more direct support on this matter where required, while existing arrangements in place for both employees and self-employed workers will continue to offer tax relief.
Global Employer Services Policy Lead