Reply to: Smart Watches - Tax Deductable?

[kevpuk]

Are you sure you are cut out to be an accountant?

FTFY

[northernladuk]

Thats my opinion - other people may have a different view!

Are you really an accountant?

[john@UKCA]

Good for you. Why did you bother asking then?

Thats my opinion - other people may have a different view!

[Scrag Meister]

Can't you class it off as a bluetooth headset type thing? What if your phone comes with a watch (surely this is going to happen with the Samsung one)?

One of the phone companies ala Phones4U type, is already offering the Note 3 + the Gear together, with £100 off the package.

[SueEllen]

No, it's NOT a phone at all. Not the Samsung one at least - it is reliant on pairing with your Samsung smartphone to make calls using bluetooth. It can do some functions autonomously but it really is a glorified bluetooth headset!

If it's a glorifed headset does it work when you are driving without you having to play around with it?

[SimonMac]

What does your accountant say...?

[northernladuk]

No, it's NOT a phone at all. Not the Samsung one at least - it is reliant on pairing with your Samsung smartphone to make calls using bluetooth. It can do some functions autonomously but it really is a glorified bluetooth headset!

Hence I expect Samsung to be selling phone+watch package - my question was what happens here?

Indeed but the real question is why would you buy one now and not wait until someone brings out a decent one

[d000hg]

Then it would be a phone with a watch.. This is a watch with a phone... until they get round to reclassifying it as a wrist mounted smart phone.

No, it's NOT a phone at all. Not the Samsung one at least - it is reliant on pairing with your Samsung smartphone to make calls using bluetooth. It can do some functions autonomously but it really is a glorified bluetooth headset!

Hence I expect Samsung to be selling phone+watch package - my question was what happens here?

[northernladuk]

I would class it as a wearable computer with its primary use for business purposes. I would claim it and argue the toss with hmrc if it came to it.

Good for you. Why did you bother asking then?

[john@UKCA]

What does your accountant say...?

I would class it as a wearable computer with its primary use for business purposes. I would claim it and argue the toss with hmrc if it came to it.

[GazCol]

Then it would be a phone with a watch.. This is a watch with a phone... until they get round to reclassifying it as a wrist mounted smart phone.

To be fair, look at the number of people that kidded themselves thinking tablets were useful for note taking etc and not one of them use them any more. I am sure plenty of people will kid themselves this is acceptable and claim it for the same reasons. What is acceptable and what people think they can claim is black and white but people do it anyway. True HMRC might not spot it but when they do it is going to cost a hell of a lot more than the 20% saving putting through the business. All this for a questionable £100?

Are you sure you're cut out to use a tablet?

[kevpuk]

Actually I still know people who use tablets for note taking and writing emails.

Though they are much better for reading and watching things.

I use my MyCo funded Latitude tablet quite often in the office, but that is down to it running full-fat Win8 Pro and hence lots of lovely powerpoints showing how well the project is progressing, along with natty Excel 2013 charts to illustrate the vast revenue increases I am responsible for.....then circling bits with the stylus for emphasis, and annotating others' documents.
Still, it is pretty good at keeping an eye on the cricket, too......

Anyway, off-topic - SmartWatch is not deductible, end of. Buy it yourself, the small notional tax saving is really not worth the gamble IMHO

[Clare@InTouch]

It's a gadget in my view, as others have said. I wouldn't therefore say they'd be deductable or deductible.

[SueEllen]

To be fair, look at the number of people that kidded themselves thinking tablets were useful for note taking etc and not one of them use them any more.

Actually I still know people who use tablets for note taking and writing emails.

Though they are much better for reading and watching things.

[TheFaQQer]

Anyone considering buying a wristwatch device that can make phone calls, surf the Web and take photos when they hit the market? Samsung Galaxy Gear will shortly be released in the US.

Put through as a company asset and claim Capital Allowances?

The Galaxy Gear can't make calls - you need to tether it to something by bluetooth.