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Amazon purchases for flat rate VAT scheme

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    Amazon purchases for flat rate VAT scheme

    Hi,

    I am wondering if Amazon purchases would satisfy the requirements for flat rate VAT scheme, as follows:
    It must be a single purchase of capital goods with a VAT-inclusive price of £2,000 or more. That doesn't mean you are restricted to claiming back the VAT on a single item - for example, you could buy a pizza oven, fridge and dishwasher, as long as you buy them at the same time from the same supplier and the price is more than £2,000 including VAT.
    T

    #2
    Originally posted by lithium147 View Post
    Hi,

    I am wondering if Amazon purchases would satisfy the requirements for flat rate VAT scheme, as follows:


    T
    Is it a single purchase of capital goods with a VAT-inclusive price of £2,000 or more?

    Comment


      #3
      And fancy giving us a clue what you are buying for comment? Never ceases to amaze us how people ask this question and when they actually list what they want they have loaded it up for no apparent reason just to break the 2k mark when they didn't need to buy it, or at that price in the first place.
      'CUK forum personality of 2011 - Winner - Yes really!!!!

      Comment


        #4
        WNLUKS

        The example you quoted from HMRC (I assume) would not be allowable for an IT Company.

        You can't buy a £600 PC and load the order up with white goods to push it over £2K.

        Comment


          #5
          WEveryoneS.

          I've recently made an IT purchase (from whom doesn't matter), the biggest single item was a smidge over 2k. That's what got me over the FRS mark (although had I got a monitor with it that would have been included as well, I think).
          "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
          - Voltaire/Benjamin Franklin/Anne Frank...

          Comment


            #6
            That's a pretty expensive smidge. What colour was it ?

            I'm sure NLUK will be along to tell you that a smidge cannot be purchased as a business expense
            When freedom comes along, don't PISH in the water supply.....

            Comment


              #7
              Originally posted by TestMangler View Post
              That's a pretty expensive smidge. What colour was it ?

              I'm sure NLUK will be along to tell you that a smidge cannot be purchased as a business expense
              I don't think people trafficing is allowed as an expense...

              Smidge 39 up, 52 down
              A person, usualy female, short in stature, but large in heart. Also, smidges are usually very beautiful.
              My smidge is the sweetest person I know
              From the tome of all knowledge urban Dictionary
              'CUK forum personality of 2011 - Winner - Yes really!!!!

              Comment


                #8
                Originally posted by TestMangler View Post
                That's a pretty expensive smidge. What colour was it ?

                I'm sure NLUK will be along to tell you that a smidge cannot be purchased as a business expense
                Buffed aluminium (and it smelt nice.. ),

                >>>>>and baaack to the original question...
                "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
                - Voltaire/Benjamin Franklin/Anne Frank...

                Comment


                  #9
                  Items to purchase

                  OCZ VTX3-25SAT3-480G 480GB Vertex 3 SATA III Internal 2.5 Inch SSD - OCZ
                  £590.9

                  Apple 13 inch MacBook Air (Dual-Core i5,1.7GHz,4GB,128GB Flash,HD Graphics) - Apple Computer
                  £800.00

                  Apple 27 inch Thunderbolt Display - Apple Computer
                  £769.2

                  Comment


                    #10
                    Originally posted by lithium147 View Post
                    OCZ VTX3-25SAT3-480G 480GB Vertex 3 SATA III Internal 2.5 Inch SSD - OCZ
                    £590.9

                    Apple 13 inch MacBook Air (Dual-Core i5,1.7GHz,4GB,128GB Flash,HD Graphics) - Apple Computer
                    £800.00

                    Apple 27 inch Thunderbolt Display - Apple Computer
                    £769.2
                    Where is that ssd going as it won't go into the MacBook air plus you probably should go for a crucial drive ocz seem to get a fair few bad reviews

                    I can see what you are doing but this purchase seems to be for the sake of it rather than as a sensible investment with clear purpose
                    merely at clientco for the entertainment

                    Comment

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