Originally posted by css_jay99
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "Personal Sim Only Plan in a Business phone?"
Collapse
-
-
So personal sim ok as long as not paid by Co.
i am disappointed with the XS max. The only decent feature i like is the face id. That’s a lot of money down the drain
Leave a comment:
-
Originally posted by TheCyclingProgrammer View PostWhat this means is if the business pays for a plan and that contract is not in the company name, then it is treated as a BIK. It clearly says "one mobile phone OR SIM card".
If you are paying for the personal SIM out of your own money then it cannot be a BIK as you aren't receiving any benefit.
Read the technical guidance:
EIM21779 - Employment Income Manual - HMRC internal manual - GOV.UK
Any phone paid for by the business should be invoiced int he company name. Any contract (if there is one) should be in the company name IF it is to be paid for by the company.
Leave a comment:
-
Originally posted by zonkkk View PostWhat's exempt
You don’t have to report anything to HM Revenue and Customs (HMRC) or deduct and pay tax and National Insurance if both the following apply:
- you provide your employee with only one mobile phone or SIM card
- the phone contract is between you and the supplier
Expenses and benefits: mobile phones: What's exempt - GOV.UK
Unless both conditions above are met, you would have to report it as BIK. Debatable, I know...
If you are paying for the personal SIM out of your own money then it cannot be a BIK as you aren't receiving any benefit.
Read the technical guidance:
EIM21779 - Employment Income Manual - HMRC internal manual - GOV.UK
In most circumstances the provision of one mobile ‘phone to a director or employee for private use is exempt from charge. The exemption covers the phone itself, any line rental and the cost of private calls paid for by the employer on that phone.Last edited by TheCyclingProgrammer; 14 November 2018, 12:49.
Leave a comment:
-
Originally posted by zonkkk View PostApparently, mobile phone on business, with business not paying for the air time is a no-no.
Leave a comment:
-
Originally posted by craigy1874 View PostApparently says who? Because they are wrong.
You don’t have to report anything to HM Revenue and Customs (HMRC) or deduct and pay tax and National Insurance if both the following apply:
- you provide your employee with only one mobile phone or SIM card
- the phone contract is between you and the supplier
Expenses and benefits: mobile phones: What's exempt - GOV.UK
Unless both conditions above are met, you would have to report it as BIK. Debatable, I know...
Leave a comment:
-
I use a personal SIM in my company's phone. The phone was purchased as essential hardware since I develop phone apps for my clients; I never actually use it for business-related phone calls. Calls are all personal, so I'm quite happy to just have a personal plan (£7.50 a month from GiffGaff).
Leave a comment:
-
Originally posted by css_jay99 View PostI currently have an all you can eat data and minutes with Three for £20 on a rolling monthly plan in another phone This is paid for personally. I am a heavy data user.
The cheapest comparable business plan with unlimited data is a 12 month plan at £30 excluding VAT. This is more expensive than a personal plan both in cost and duration.
So, decent priced plan that's invoiced to & paid for by my Ltd - good to go
Leave a comment:
-
Originally posted by zonkkk View PostApparently, mobile phone on business, with business not paying for the air time is a no-no.
Leave a comment:
-
That’s all fine then. New iPhone takes one physical SIM card and also has an esim. Esim is a virtual sim so you can have loads of contracts without swapping the SIM card. Modern iPad LTE has esim as does the watch and the surface LTE. You just need to find a carrier who’ll activate on it. Vodafone have just launched esim with the watch 4. EE have had it for a while.
Leave a comment:
-
Just in case I was not clear.
I currently have an all you can eat data and minutes with Three for £20 on a rolling monthly plan in another phone This is paid for personally. I am a heavy data user.
The cheapest comparable business plan with unlimited data is a 12 month plan at £30 excluding VAT. This is more expensive than a personal plan both in cost and duration.
I am happy to put my personal sim in my yet to purchase shiny business iphone if it is ok from a company/hmrc point of view. if it is not them i will get rid of the personal plan and buy the the business plan
I hope that makes sense
ps i was not aware that the iphone xs max has 2 sims ?
Leave a comment:
-
Originally posted by zonkkk View PostI have looked into this and my conclusion is that if you get a contract it needs to be on the business.
You can work around it by getting a pay as you go SIM, and loading it with monthly bundles paid by the company. This seems like an acceptable compromise from what I've read.
However, lately, there are a few established mobile phone websites that have business rates listed, which are much better than going direct to the big providers.
Leave a comment:
-
It doesn't really matter, but you won't be able to claim the cost of the personal SIM through the business, only the handset (the handset invoice should really be in company name) and itemised business calls. If this works out cheaper than a business plan with the tax saving (don't forget the VAT saving as well if you're on the standard VAT scheme) then go for it. I used a personal SIM in a company purchased phone for years before moving over to a Virgin business SIM.
Leave a comment:
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: