Claiming a laptop as a business expense under Parasol

[Archangel]

I read it, but it is all not stated very clearly. I will end my umbrealla contract in late August, and I just want to get a laptop now if I can save a couple quid on it. Parasol is not really helpful with that at all...

Buy it yourself and claim it back from your company in september with the VAT. then register for FRV.

[scooby]

parasol will let you do this but you have to be happy for the machine to become legally their property - a formality of course but one you may not like.

i think this is correct, but you buy it back from them after depreciation when you leave or after a set period...

[QwertyBerty]

I also believe that if you're VAT registerered you work out capital allowances on the cost of the item *excluding* VAT....?

QB.