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Three phone contract - personal to business transfer

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    #21
    Anyone know what the exact rules are for claiming as an expense?

    Does it have to be in business name and paid from business account? Or can you pay from personal account?
    Rhyddid i lofnod psychocandy!!!!

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      #22
      Originally posted by psychocandy View Post
      Anyone know what the exact rules are for claiming as an expense?

      Does it have to be in business name and paid from business account? Or can you pay from personal account?
      The contract must be in the Business name and paid from the business account. The exact rules are on hmrc's website and they are reasonably clear.

      If you can't get a business tariff then there is nothing to stop the company buying a phone contract-free and giving it to you to put your own SIM into, but you can't claim a personal contract rental back. If you make business calls on your personal mobile then there are arcane rules to cover that, go and read HMRC's website if you want the gory details.
      Free advice and opinions - refunds are available if you are not 100% satisfied.

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        #23
        Originally posted by psychocandy View Post
        Anyone know what the exact rules are for claiming as an expense?

        Does it have to be in business name and paid from business account? Or can you pay from personal account?
        How come you say the rules are pretty clear cut on this one and the demostrate you don't know what the rules are???? Bit more research me thinks. This is asked enough times on here.

        Duhhhh
        'CUK forum personality of 2011 - Winner - Yes really!!!!

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          #24
          Originally posted by Wanderer View Post
          The contract must be in the Business name and paid from the business account. The exact rules are on hmrc's website and they are reasonably clear.

          If you can't get a business tariff then there is nothing to stop the company buying a phone contract-free and giving it to you to put your own SIM into, but you can't claim a personal contract rental back. If you make business calls on your personal mobile then there are arcane rules to cover that, go and read HMRC's website if you want the gory details.
          Thanks. I wasnt 100% sure if it had to be both in company name and from business account.

          Given up now. To be fair its not worth the hassle to save a few quid. It seems the mobile companies offer personal contracts at much cheaper rate than corresponding business contracts so its just not worth paying the extra.

          I know t-mobile do sim-only business deals at the same rate but I couldnt find anything worthwhile.
          In the end, got personal contract with free phone for £26/month which is pretty good. Same contract as a business one would have cost £38/month so no point in doing that!
          Rhyddid i lofnod psychocandy!!!!

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            #25
            You don't need to change it from a personal plan to a business plan.

            Just ring Three and ask them to include the company name on the account, with your name as the director of the company

            Whether its a busness expense is all to do with business/personal use - not the plan its on.

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              #26
              Originally posted by AussieDigger View Post
              You don't need to change it from a personal plan to a business plan.

              Just ring Three and ask them to include the company name on the account, with your name as the director of the company

              Whether its a busness expense is all to do with business/personal use - not the plan its on.
              Dont think so Aussie mate. Agreed the actual plan its on is nothing to do with it but, and this is according to HMRC (see the links above), its got to be :-

              1. In companies name. Fair enough what you said above should be ok but some providers wont like doing this.

              2. Paid from company account. Unfortunately, none of the providers will let you pay for a personal plan from a business account. And it is a requirement of HMRC that its paid directly from a business account (i.e You cant pay personally and then expense it).

              Stupid maybe because HMRC allow you to claim other genuine business expenses by paying personally and then expensing but not mobile phones. Unfortunately, those are the rules.
              Rhyddid i lofnod psychocandy!!!!

              Comment


                #27
                Originally posted by AussieDigger View Post
                Just ring Three and ask them to include the company name on the account, with your name as the director of the company
                Whether its a busness expense is all to do with business/personal use - not the plan its on.
                I don't know about Three but I presume the requirement for being "in the Business name" would be satisfied by having the business name on the statement. Remember that it must also be paid from the business account. My business credit card (Cater Allen) has my name on it so it may be possible to use that to pay the bill.

                Some providers see a LTD company as a higher risk than a person so they may charge more. Others charge the same. There are loads of providers out there and some of them don't charge a premium to small businesses so shop around folks..
                Free advice and opinions - refunds are available if you are not 100% satisfied.

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