Last week I was doing some work which entailed going through loads of purchase orders for the project I'm on. In it there are loads of instances of big LCD tv's which they hang on the walls - some show news 24 while others simply relay company rubbish. What got me is that this company doesn't 'need' these. But because it is big it is allowed to spend its money on them and presumably put it through as an expense. I'm not arguing that we should also. It's just I cannot see how it is justifiable for any organisation.
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Rule Number 1 - Assuming that you have a valid contract in place always try to get your poo onto your timesheet, provided that the timesheet is valid for your current contract and covers the period of time that you are billing for.
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It's not a question of need, it's a question of exclusive business use. A company can buy what it likes, so long as what it buys is solely for business use. It's when there's a possibility of private use that it gets complicated.Last edited by NotAllThere; 27 January 2008, 16:02.Down with racism. Long live miscegenation!Comment
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In other words if you rent a real office (not a room in your home) you can fill it up with plasma TV's and all sorts of wonderful gadgets and leave it there when you aren't in the office and all is good.
If you do it at home however the IR will assume that you do not use these gadgets for business and will tax them as a BIK. One of the joys of being a small business that doesn't rent office space in <insert city/town here>Comment
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It doesn't need to be exclusively for private use. The VALUE of the private benefit must be insignficant in relation to the business benefit.Originally posted by NotAllThere View Post
In other words, if the TV costs £500, and you have access to it for private use all the time, then the private value would probably be £125/year (25%), the value to the business must be much greater than this.
How do you put a value on this? Hard to say, but IT equipment, if provided for business use, is deemed to always have a disproportionate business benefit relative to the value of the private use. So you can have access to a company laptop, which might otherwise cost you £300/year, but the value of you being able to do work for the company is far more than £300.Comment
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I'm confused
These arguments don't make any sense. How could you even use the company Wii without a TV?Comment
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Here's your coat.Originally posted by Sausage Surprise View Post"Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny. "
Thomas JeffersonComment
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You may laugh, but where I used to work as a permie, we had Wii on the premises for us to use. I suppose as a means to increased productivity.Comment
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When I did a contract at Virgin Mobile, the break-out room had a pool table and a Nintendo station - Consequences were that our project was delivered on budget and on timeOriginally posted by xchaotic View Post
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