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Mobile phone deals depend on your use and when you got the deal.
A lot of people I personally know whether personal or business customers own their own handset. Everyone is on different sim only deals due to what was on offer by one of their preferred providers when they signed up and how they use the phone.
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Buy handset with cash on the company card, buy personal sim only monthly deal on company account by direct debit. Set company name as first line of address so it appears on bills. Submit with your company expenses per month. Done!
Buy handset with cash on the company card, buy personal sim only monthly deal on company account by direct debit. Set company name as first line of address so it appears on bills. Submit with your company expenses per month. Done!
Be interesting to know if that would stand up in an inspection. If contract is a personal one and the company pays you could face a bill for unpaid BIK taxes. Not sure HMIT would buy the whole "but my company name is in the correspondence address" argument. It's who the contract is with that matters.
buy personal sim only monthly deal on company account by direct debit. Set company name as first line of address so it appears on bills. Submit with your company expenses per month. Done!
You will be if HMRC were to look closely
The expenses guide makes it very clear the the contract must be in the name of the company. Not you personally with the company paying for it. Not you personally with the company name as the first line of the address. For the sake of the few quid a month is might save, why bother?
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Originally posted by TheCyclingProgrammerView Post
Be interesting to know if that would stand up in an inspection. If contract is a personal one and the company pays you could face a bill for unpaid BIK taxes. Not sure HMIT would buy the whole "but my company name is in the correspondence address" argument. It's who the contract is with that matters.
Agree with TCP on this point - it sounds like you are attempting to make your phone bills appear to be something that else in order to obtain tax relief.
As has been pointed out before, business plans are no longer 3x the cost of personal plans. On Vodafone, for example, the personal and business plans are identical in basic cost - the business plans are posted net of VAT, while personal plans gross.
The other point to consider - my old accountant advised me to buy my handset as an expense. When I moved accountants the new guy said it was better to treat it as a company asset. I don't know what the resident accountants here think about using either way, but my handsets are now company assets each time.
As has been pointed out before, business plans are no longer 3x the cost of personal plans. On Vodafone, for example, the personal and business plans are identical in basic cost - the business plans are posted net of VAT, while personal plans gross.
Absolutely. I did a transfer of ownership to the company through Vodafone and the cost is exactly the same.
The other point to consider - my old accountant advised me to buy my handset as an expense. When I moved accountants the new guy said it was better to treat it as a company asset. I don't know what the resident accountants here think about using either way, but my handsets are now company assets each time.
Interesting one this. Exactly the same happened to me. SJD moved it to an asset.
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