Originally posted by TheCyclingProgrammer
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"You’re just a bad memory who doesn’t know when to go away" JR -
Originally posted by SueEllen View PostDoesn't that depend who lives in your house and how much use is personal?Comment
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So you have two printers, one for "Work" and one for the stuff your daughter does for school for instance.Comment
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Originally posted by Lost It View PostSo you have two printers, one for "Work" and one for the stuff your daughter does for school for instance.Comment
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Originally posted by TheCyclingProgrammer View PostYes but if a business purchase has a personal/private use element you can only reclaim the proportion that it is used for your business.
Personally I wouldn't worry about minimal personal usage of stuff that you've obviously bought for your business, including office furniture, computer equipment (so long as you really did need it for your work) etc. but be careful with stuff that could have any kind of dual purpose (e.g. a printer that you have in your home office, if its the only printer in the house, is very likely to have some non-business use too).Comment
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Originally posted by v5srv View PostAnd also personal use element of mobile phones - service plan and call charges??"You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by v5srv View PostAnd also personal use element of mobile phones - service plan and call charges??
My understanding of the VAT rules is that you would have to apportion the claim, which would mean that you could have a company mobile phone used 50/50 for business personal use, offset 100% of the cost against your CT bill but only reclaim 50% of the VAT.
Edit: HMRC have some specific VAT guidance for mobile phone and call costs:
https://www.gov.uk/government/public...ation-expenses
See 12A. TLDR; if a mobile phone provided by the business is used for personal calls, the VAT on the call charges must be apportioned. If you have a clear company policy of not allowing the phone to be used for personal calls, then HMRC will tolerate small amounts of personal use as insignificant for VAT purposes. It also looks like you'd be able to reclaim all the VAT on the purchase of the phone itself and any standing charges.Last edited by TheCyclingProgrammer; 23 March 2017, 16:30.Comment
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