Expencing business equipment via Umbrella company or Ltd?

[Kushy28]

Hey guys,

New to this all but long story short:

- Currently working through an Umbrella for a client (not shackled by SDC)
- Have my own LTD company for my next role
- Am not VAT registered

Wish to buy some business equipment solely for contract work totally, around £1700.

Should I get it through my Umbrella (Umbrella claims they would keep 15% as security deposit and reimburse 85% in the most vat friendly way) or through my LTD?

Thanks!

[TonyF]

If you already have a limited company, I'd rather have it as my asset than someone elses.

[DolanContractorGroup]

Agree, i would want it as my own asset through my limited company.

Possible benefits to VAT registration such as flat rate scheme ( paying back a lower %) and then purchasing capital assets over £2000 you can reclaim the VAT on the expenses. Something to think about..

[Kushy28]

Agree, i would want it as my own asset through my limited company.

Possible benefits to VAT registration such as flat rate scheme ( paying back a lower %) and then purchasing capital assets over £2000 you can reclaim the VAT on the expenses. Something to think about..

I work as an IT Project Manager, would the flat rate be 14.5% then? What about corp tax?

What would be the total savings on a £2k spend?