Hi,
I have formed a ltd company and am on the flat rate VAT scheme.
If I buy a pay as you go phone for £500, can I claim the full £500 as a corporation tax deduction or can I only claim the pre vat amount as a deduction as I am on VAT flat rate scheme?
Any answers would be welcome.
Thanks
Lee
I have formed a ltd company and am on the flat rate VAT scheme.
If I buy a pay as you go phone for £500, can I claim the full £500 as a corporation tax deduction or can I only claim the pre vat amount as a deduction as I am on VAT flat rate scheme?
Any answers would be welcome.
Thanks
Lee
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