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Recent content by FlashingTwelve
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VAT Flat Rate Scheme Update
Each to their own, but I'm viewing the change as an incentive to buy supplies (with significant tax relief) that will further my business's opportunity for success. £100,000 revenue before vat? FRS benefit was £2,600. You can either reduce the benefit to £200 if you stay on the scheme as a...- FlashingTwelve
- Post #75
- Forum: Accounting / Legal
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VAT Flat Rate Scheme Update
By your handle it sounds like you could furnish your business with a lovely library of programming books for next to zip. Are you seriously not considering doing so, at least in the first year? One of the logic/moral tests I use is to inverse the timeline. Imagine a world where everyone had a...- FlashingTwelve
- Post #71
- Forum: Accounting / Legal
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VAT Flat Rate Scheme Update
I'm hardly going to scribble my shopping list in my £1k business organiser/diary, but fair point.- FlashingTwelve
- Post #65
- Forum: Accounting / Legal
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VAT Flat Rate Scheme Update
Not if I don't use them personally in any way? I certainly wouldn't do that, at home I use a cheap biro. If some hypothetical rule was introduced whereby more expenditure on business laptops, or computer software, or staff salaries, would make sense as the additional cost was offset by reliefs...- FlashingTwelve
- Post #62
- Forum: Accounting / Legal
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VAT Flat Rate Scheme Update
I've been considering buying a top of the line Montblanc pen and a business folder & stationery from smythsons. They'll be great in meetings. Would these count as relevant goods?- FlashingTwelve
- Post #59
- Forum: Accounting / Legal
