VAT and Legitimate Recognisable Training Expenses

Clause 5.2 of Statement 300 of the Amended Generic Codes, under Clause 5: General Principles of Skills Development, defines Skills Development expenditure as any legitimate expenses incurred for any Learning Programme offered by a Measured Entity to Black People, evidenced by an invoice or appropriate internal accounting record.

These contributions exclude VAT as organisation's link their set targets, Audited Financial Statements or Financial Statements which exclude VAT. ?

Clause 6 of Statement 300 of the Amended Generic Codes refer to? Legitimate Recognisable Training Expenses. In particular, 6.1.1, the cost of training materials, 6.1.3 the costs of training facilities and 6.1.7 administration costs.??

?In such instances, an organisation must incur a particular cost to classify a training initiative as per the Skills Development Matrix, thus recognise it appropriately. During implementation, an organisation must determine which costs will incur VAT per training Initiative.??

?The cap for Training Costs for Category F & G training programmes is 25% of total Skills Development Expenditure under the Codes.??