Questions about expenses [merged]

[northernladuk]

officially serious.

So I can't really claim it as a business expense then..

No.

[Scruff]

You can claim anything you want.

What is uncertain, is the deductibility of it...Let YourCo. buy it and let your accountant deal with it, on that basis?

[NibblyPig]

If Bill Werbeniuk can offset the cost of drinking beers before and during his pool games against tax, I think you can go ahead with your red bull.

[MicrosoftBob]

If Bill Werbeniuk can offset the cost of drinking beers before and during his pool games against tax, I think you can go ahead with your red bull.

I know a music journalist that offsets the cost of strippers and beer against tax, it's a legitimate business expense

[PerfectStorm]

We've all worked for companies that have coffee machines, and you all like to make a thing of how you're operating legit companies and not a tax dodge vehicle, so what's the problem?

[EternalOptimist]

I know a music journalist that offsets the cost of strippers and beer against tax, it's a legitimate business expense

yeah. I put my claim for beer in yesterday afternoon. and look what's happened to the FTSE

[TheCyclingProgrammer]

Stocking a company fridge is tax deductible and I don't think there are any BIK issues either so long as it's available to all employees. It either comes under the rules for "staff canteens" or in this case more likely "trivial benefits".

The problem of course is working from home, the lines are blurred. If you rented an office and bought some tea, coffee, drinks, snacks etc for the office nobody (including HMRC) would bat an eyelid. But if your office is your home and you have no other employees working there the HMRC might rightly ask the question of why you need it.

Context is everything. When I get my garden office and come to kit it out, as well as the usual office furniture I wouldn't hesitate to stick a cheap coffee machine and some supplies for the office through. But while I'm working in the spare room? No.

Put it through if you like. You'll likely get away with it as I'm sure HMRC have got more important things to investigate.

[AtW]

Stocking a company fridge is tax deductible and I don't think there are any BIK issues either so long as it's available to all employees. It either comes under the rules for "staff canteens" or in this case more likely "trivial benefits".

WHS

Here is what in MFs fridge now -

[NibblyPig]

I moved my office into my kitchen and turned it into my home office with ensuite facilities.

Now whenever I want a coffee, I just do 5 minutes of overtime. Same if I fancy a fry-up.

The only thing more delicious than bacon is tax-deductible bacon.

[ItRYmyBEst]

Paying freelancer for new app as expense for my ltd company

I am developing a new app using new technologies I've not used much and want to hire a person freelance. Can I expense this from my Ltd company? I would use this app as part of my company and get revenue from it there.