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Previously on "FRS & Capital Expenditure"

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  • Moscow Mule
    replied
    if anybody cares

    And the accountant says:

    Phone the helpline with a carefully worded question (hopefully with an answer in the affirmative) so that you've got a call reference if they ever query it.

    Leave a comment:


  • Moscow Mule
    replied
    Originally posted by malvolio View Post
    IANAA (at least, not any more) but I think if the Warranty was purchased as part of the package it can be capitalised, and so should be VAT-able as part of the overall deal. However, if not you're still not looking at a signficant cost anyway, are you.

    But I hope an expert turns up!
    Macbook Pro - with bells and whistles, about £1900. 3 years Applecare costs about £230 - so free if I can get the VAT back.

    I'm asking the accountant...

    Leave a comment:


  • malvolio
    replied
    IANAA (at least, not any more) but I think if the Warranty was purchased as part of the package it can be capitalised, and so should be VAT-able as part of the overall deal. However, if not you're still not looking at a signficant cost anyway, are you.

    But I hope an expert turns up!

    Leave a comment:


  • Moscow Mule
    replied
    Bump.

    Leave a comment:


  • Moscow Mule
    started a topic FRS & Capital Expenditure

    FRS & Capital Expenditure

    Subject been done (to death) before, but I can't find the exact question...

    If I buy a laptop, can a 3 year support agreement be included in the "computer package" example below?

    15.3 What counts as a single purchase of capital goods?

    The normal VAT rules are used to determine whether any particular supply is one, or more than one, purchase and whether supplies are of goods or services.

    Examples of a single purchase are:

    * A computer package (computer, printer, camera, scanner, speakers etc.) bought as one package is one purchase of capital expenditure goods. If the package costs £2,000 or more (incl. VAT) then input tax can be claimed.
    * Items of kitchen equipment (a pizza oven, a fridge and a dishwasher) bought for a restaurant. If all the items are from one supplier at one time, then they count as one purchase of capital expenditure goods. If they are from three different suppliers, or at three different times then they will be three purchases and each must be £2,000 or more (inc VAT) to qualify for a reclaim of VAT.
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