Taking the piss? Expenses...

[ApeShape]

Before FY close I thought I'd treat myself (ahem my company) to relatively modest purchase. Samsung S10+? Obviously, I'd be claiming that as computer/office equipment. Or would this be seen as an excessive purchase...?

[ladymuck]

The value doesn't matter. What matters is the expenditure must be incurred wholly, exclusively and necessarily for the purposes of the business.

[Old Greg]

Before FY close I thought I'd treat myself (ahem my company) to relatively modest purchase. Samsung S10+? Obviously, I'd be claiming that as computer/office equipment. Or would this be seen as an excessive purchase...?

It's fine.

[Lance]

It has nothing to do with the financial tax year. Only your companies tax year. Your company tax year is not this weekend.....

What does your accountant say?

[TheCyclingProgrammer]

Employers are allowed to provide one mobile phone for personal and/or business use to their employees - there's no stipulation on what said device may or may not cost. If you already have a company phone, you can sell it on.

[ladymuck]

It has nothing to do with the financial tax year. Only your companies tax year. Your company tax year is not this weekend.....

What does your accountant say?

Maybe they want to put it on their P11D as a BIK?

[Lance]

Maybe they want to put it on their P11D as a BIK?

A very good point...


@OP???

[BlueSharp]

I hope so as I got the s20 ultra.