Originally posted by kingcook
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Selling laptop to end-client
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Originally posted by TheCyclingProgrammer View PostI was wondering why OP didn't put the laptop through the business, even if just as an expense if not that expensive.
Would have had to charge VAT when reselling but presumably ClientCo wouldn't have cared.
Although that was a few years ago and that account went to prison.....Still InvoicingComment
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Originally posted by blacjac View PostYou sure about that? Last time myco sold some old computers our accountant told us not to charge VAT on them as they were 2nd hand.
Although that was a few years ago and that account went to prison.....I couldn't give two fornicators! Yes, really!Comment
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Originally posted by BolshieBastard View PostIf you're VAT registered, you have to charge VAT on everything you sell unless its zero rated or exempt surely?Comment
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Originally posted by blacjac View PostYou sure about that? Last time myco sold some old computers our accountant told us not to charge VAT on them as they were 2nd hand.
Although that was a few years ago and that account went to prison.....
Additionally, if you are on the FRS and originally reclaimed the VAT on a capital purchase over £2k, when you sell it you need to deal with that sale outside the FRS too (i.e. As you would in the standard scheme).Comment
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