Claiming a notebook bought before the company registration ?

[2uk]

Can I claim my notebook that has been bought before my company registration. In addition it was bought from the US ?

[malvolio]

No. But you can sell it to YourCo at an agreed price, can't you...

[2uk]

No. But you can sell it to YourCo at an agreed price, can't you...

Sounds kinda dodgy. Not my style.

[wizard1974uk]

Sounds kinda dodgy. Not my style.

Nothing dodgy about it. Draw up a proper invoice and sell it to your company.

[cykophysh39]

it may be dodgy to claim for th elaptop before registration,
Won't you be eligble for the Import tax then?

[malvolio]

Sounds kinda dodgy. Not my style.

Tough. Them's the rules.

[wizard1974uk]

it may be dodgy to claim for th elaptop before registration,
Won't you be eligble for the Import tax then?

No because the import duty will have already been paid when it first arrived in the UK. There is nothing dodgy about it at all.

[2uk]

No because the import duty will have already been paid when it first arrived in the UK. There is nothing dodgy about it at all.

I brought the notebook from the US stright through the customs without paying a single penny.

[wizard1974uk]

I brought the notebook from the US stright through the customs without paying a single penny.

Okay, but I was pointing out that if import duty were paid then it wouldn't have to paid again as it is already in the UK.

[TheFaQQer]

Selling it to your company is effectively the same as claiming it.

When I setup MyCo, I compiled a list of everything that I'd bought before, with some receipts, and claimed them - whether this is seen as claiming it, or selling it to the company is IMHO a minor thing. My accountant said to compile the list, which I did - I just kept a copy of the list and claimed the money.

See what your accountant says about what you need to do to claim it.