Flat-rating and pricey laptops

[css_jay99]

Hi, Just to be clear,

Are you guys saying that as a flat Rate Scheme VAT payer. if you have a buy capital expenditures (on same receipt) Totaling £2000 exclusive of VAT then I can reclaim the VAT back?


How do I do that?.


cheers

css_jay99

[lxt04]

^ Talk to you accountant

If you're an iPad/iPhone developer...yes. Which I am.

Hey, me too

Although no VAT back on mine, since I brought it in the USA. Still get some expenses benefits on it though, so all good.

I'd also consider getting RAM from Crucial, so does it all have to be from one supplier, or if I can demonstrate it's all going in the same box, can I buy RAM from Crucial, external drives from Scan, and an iMac from Apple?

You won't believe me, but Apple charged me some £40 less to fit 8GB of RAM in my Macbook Pro than Crucial! I know Apple have a rep for pricey ram upgrades, but worth checking in with them.

[lje]

Hi, Just to be clear,

Are you guys saying that as a flat Rate Scheme VAT payer. if you have a buy capital expenditures (on same receipt) Totaling £2000 exclusive of VAT then I can reclaim the VAT back?


How do I do that?.

Yes you can claim the VAT back. You need to fill in your VAT return appropriately. If you're not sure how to do that then I suggest speaking to your accountant. Otherwise I'm sure there's some help online somewhere.

[css_jay99]

Yes you can claim the VAT back. You need to fill in your VAT return appropriately. If you're not sure how to do that then I suggest speaking to your accountant. Otherwise I'm sure there's some help online somewhere.

Ok, I was just now aware that it was possible to have input tax on VAT returns for Flat Rate Scheme

Does that mean First year Allowance will have to be on the Gross amount if I am claiming back the VAT?.

[Clare@InTouch]

Ok, I was just now aware that it was possible to have input tax on VAT returns for Flat Rate Scheme

Does that mean First year Allowance will have to be on the Gross amount if I am claiming back the VAT?.

Capital Allowances will be based upon the value of the asset in the accounts - if you're claiming the VAT back then this will be the net amount.

[css_jay99]

Capital Allowances will be based upon the value of the asset in the accounts - if you're claiming the VAT back then this will be the net amount.

cheers, I meant net