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Expensing my laptop is benefit in kind...

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    Expensing my laptop is benefit in kind...

    Hello,

    I just accepted a new contract inside IR35 with Parasol... and I got miraged by the fact that they allow expense on electronic such as laptop and other items.

    They also told me I could keep my laptop at the end free of NI and income tax at the next payroll.

    That sounds all good until I told them on their policy document it mentioned they were keeping 15% as security deposit.


    And the answer was that it's not the case anymore. It'll just be treated as benefit in kind....


    What's the point for me to expense it, if I have to pay maximum tax on it?

    What a joke

    #2
    You're an employee, in law at least. Expenses aren't an option with a few exceptions not including laptops.
    Blog? What blog...?

    Comment


      #3
      But there are no expenses for inside gigs compared to outside gigs (with a few exceptions) .. So just don't.
      Last edited by northernladuk; 9 April 2021, 14:37.
      'CUK forum personality of 2011 - Winner - Yes really!!!!

      Comment


        #4
        I won't 'cause it's not worth it anyway

        Comment


          #5
          Originally posted by northernladuk View Post
          But there are no expenses for inside gigs.. So just don't.
          not true - you get the same expenses as an employee would do (I.e. paid for journeys done as part of the job which are not to and from your place(s) of work.

          as for the equipment changes - prior to the new April 2021 rules Parasol were pushing something that was dubious but did have a vague basis in law (material costs can be deducted before any tax is paid) but I can see why they may be taking a different viewpoint at the moment.
          merely at clientco for the entertainment

          Comment


            #6
            Originally posted by eek View Post

            not true - you get the same expenses as an employee would do (I.e. paid for journeys done as part of the job which are not to and from your place(s) of work.

            as for the equipment changes - prior to the new April 2021 rules Parasol were pushing something that was dubious but did have a vague basis in law (material costs can be deducted before any tax is paid) but I can see why they may be taking a different viewpoint at the moment.
            You are taking pedantry to a new level again. No expenses that an outside contractor would normally expect.
            'CUK forum personality of 2011 - Winner - Yes really!!!!

            Comment


              #7
              Originally posted by simes

              Just accept you're wrong, and he is right. Was not the HMRC accusing others of nit picking when in fact, they exhibit the same behaviour...?
              But I'm not wrong. Slightly unclear at worst as I was talking about outside to inside contractor so everything they can expense they now can't. Eek has rightly pointed out there are permie expenses that now come in to play that usually weren't before.
              'CUK forum personality of 2011 - Winner - Yes really!!!!

              Comment


                #8
                Originally posted by northernladuk View Post

                You are taking pedantry to a new level again. No expenses that an outside contractor would normally expect.
                Surely that would depend on who you are working for and the nature of the job you were doing.

                for instance I used to hit £3000 a month flying across Europe on behalf of 1 client all invoiced back at the consultancy who billed their end customer my hotel bills and the flights they paid for directly
                merely at clientco for the entertainment

                Comment


                  #9
                  Originally posted by eek View Post

                  Surely that would depend on who you are working for and the nature of the job you were doing.

                  for instance I used to hit £3000 a month flying across Europe on behalf of 1 client all invoiced back at the consultancy who billed their end customer my hotel bills and the flights they paid for directly
                  I was taking the OP and his context in to account where he wanted to expense a laptop where he could outside, he can't inside. My comment was directly related to his question and situation, not to pull apart the entire expenses legislation.

                  I've altered my original comment to add a little more clarity.
                  Last edited by northernladuk; 9 April 2021, 14:37.
                  'CUK forum personality of 2011 - Winner - Yes really!!!!

                  Comment


                    #10
                    Off-topic posts removed.
                    "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
                    - Voltaire/Benjamin Franklin/Anne Frank...

                    Comment

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