I realise this has been discussed before but I am confused, particularly with the revision to section 319 of the Finance Act 2006 Inland Revenue Page
I need a new mobile contract, but don't know what I can legitimately claim from my Ltd company and any company or personal tax liabilities. Can a mobile be claimed on expenses or given by my comany? The phone would be used for both personal and business use (more personal) but I do not want to get two separate phones.
My options are
1)Mobile in my name and credit card and claim back as expenses (am I allowed to do this and if so how much?)
2)Mobile in my name and on company credit card (am I liable to any NIC as well as benefit in kind (40%) on my P11D?)
3)Mobile in company name and credit card. (am I liable to a benefit in kind (40%) on my P11D?)
Just to make things more confusing I also seem to be able to get better deals online as a personal contract with the cashback schemes.
I need a new mobile contract, but don't know what I can legitimately claim from my Ltd company and any company or personal tax liabilities. Can a mobile be claimed on expenses or given by my comany? The phone would be used for both personal and business use (more personal) but I do not want to get two separate phones.
My options are
1)Mobile in my name and credit card and claim back as expenses (am I allowed to do this and if so how much?)
2)Mobile in my name and on company credit card (am I liable to any NIC as well as benefit in kind (40%) on my P11D?)
3)Mobile in company name and credit card. (am I liable to a benefit in kind (40%) on my P11D?)
Just to make things more confusing I also seem to be able to get better deals online as a personal contract with the cashback schemes.


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