Originally posted by Sausage Surprise
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Mobile Phone Through Limited Company
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Originally posted by Nixon Williams View PostThe provision of one mobile phone is exempt from any tax charge. The exemption covers the telephone itself, any line rental and the cost of private calls paid by the employer on the telephone.
Notes:
•The number of phones provided for private use is restricted to one;
•Mobile phones provided to members of your family and household are excluded;
•To qualify, the contract must be in the name of the company and paid from the company bank account.
If you wish to claim for a personal mobile phone, then you can only claim for the business calls, you cannot claim for the rental cost or any private calls.
I hope this is clear!
Alansorry Diver I'm off the cigs again
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The provision of one mobile phone is exempt from any tax charge... To qualify, the contract must be in the name of the company and paid from the company bank account.
Can anyone give a learned opinion on this - then I think this thread can be ended.Comment
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Originally posted by Kess View PostThis still leaves open the question of whether, rather than a contract, a more cost-effective PAYG phone can be bought by and funded by the company for light users like me?
Can anyone give a learned opinion on this - then I think this thread can be ended.
Yes, you can use PAYG phone, although you'll either have to reclaim the expenses through your company or pay via your company bank account.Cenedl heb iaith, cenedl heb galonComment
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Every Accountant I have spoken to (including SJD who I am with) say putting your company address in the bill is enough.Comment
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Should be
Originally posted by Robwg View PostEvery Accountant I have spoken to (including SJD who I am with) say putting your company NAME in the bill is enough.Cenedl heb iaith, cenedl heb galonComment
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One of my colleagues was misinformed by one of the people at SJD over the mobile BIK issue, so I wouldn't necessarily trust their advice on this.
Change your personal contract to a business one. At the end of the day you're worrying about saving such small sums of money by blagging a personal account as your Ltd. you might as well do it properly.Cats are evil.Comment
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Originally posted by swamp View PostOne of my colleagues was misinformed by one of the people at SJD over the mobile BIK issue, so I wouldn't necessarily trust their advice on this.
Change your personal contract to a business one. At the end of the day you're worrying about saving such small sums of money by blagging a personal account as your Ltd. you might as well do it properly.
Don't know though whether they do PAYG for Business...Cenedl heb iaith, cenedl heb galonComment
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Originally posted by Robwg View PostEvery Accountant I have spoken to (including SJD who I am with) say putting your company address in the bill is enough.
I've always thought that the contact needs to be in the name of the company (this is, after all, what the HMRC guidelines suggest). For what is might cost to be on a business tariff, you may as well do it right to avoid the risk that HMRC will clobber you for charges, and then go through your other expenses etc.Comment
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Originally posted by Kess View PostThis still leaves open the question of whether, rather than a contract, a more cost-effective PAYG phone can be bought by and funded by the company for light users like me?
Can anyone give a learned opinion on this - then I think this thread can be ended.Comment
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