2nd hand laptop

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SueEllen replied

28 March 2015, 13:31
Originally posted by ItRYmyBEst View Post

What does flat rate have to do with it?
I also have a question regarding this:
https://www.gov.uk/vat-private-use-a...services#gstpu
If I buy it for the business I will use it for personal use(not essential but why not if I have the laptop), do I have to charge myself VAT?

Instead of asking every silly question you can think of:
1. Read the relevant guides either over there --> , on the IPSE site, on SJD Accountancy site and through HMRC
2. Do a search on this forum using the search box or through google e.g. site: forums.contractor.uk second hand laptop
3. Speak to your accountant

Then and only then post a question.
Leave a comment:
ItRYmyBEst replied

28 March 2015, 12:12
Originally posted by Maslins View Post

Only thing I'd add is re VAT. If your company's registered for VAT and NOT on the flat rate scheme it could be relevant. If you're buying second hand, and assuming it's just from "Joe Bloggs" rather than a VAT registered business seller, then be aware there's unlikely to be any VAT to reclaim.

What does flat rate have to do with it?
I also have a question regarding this:
https://www.gov.uk/vat-private-use-a...services#gstpu
If I buy it for the business I will use it for personal use(not essential but why not if I have the laptop), do I have to charge myself VAT?
Leave a comment:
Forbes Young replied

12 February 2015, 16:15
Originally posted by bigmaz View Post

Hi guys. I am going to be buying a laptop through my company. There is a 2nd hand laptop for sale on a forum I am a member of. Will there be any issues with buying this through my company?

Like the other guys say, no problem - but ensure your company has a purchase receipt document to back up the purchase.

Graeme Bennett ACMA MBA
Leave a comment:
Maslins replied

12 February 2015, 09:22
Only thing I'd add is re VAT. If your company's registered for VAT and NOT on the flat rate scheme it could be relevant. If you're buying second hand, and assuming it's just from "Joe Bloggs" rather than a VAT registered business seller, then be aware there's unlikely to be any VAT to reclaim.
Leave a comment:
Andrew@Wisteria replied

11 February 2015, 21:45
Originally posted by jamesbrown View Post

Or an expense if it's fairly cheap.

Fair point - if low enough in value I'd agree!
Leave a comment:
stek replied

11 February 2015, 20:47
This guy might be selling soon...

http://forums.contractoruk.com/busin...top-audit.html
Leave a comment:
jamesbrown replied

11 February 2015, 20:04
Originally posted by Andrew@NymanLinden View Post

No problem at all. 2nd hand value goes into the accounts as an asset.

Or an expense if it's fairly cheap.
Leave a comment:
Andrew@Wisteria replied

11 February 2015, 19:07
No problem at all. 2nd hand value goes into the accounts as an asset.
Leave a comment:
bigmaz started a topic 2nd hand laptop

11 February 2015, 18:48
2nd hand laptop

Hi guys. I am going to be buying a laptop through my company. There is a 2nd hand laptop for sale on a forum I am a member of. Will there be any issues with buying this through my company?
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