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Expensive Coffee Machine as Expense

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    #21
    Originally posted by TheCyclingProgrammer View Post
    You'd also have to apportion any VAT claim too.

    The above would probably make the whole operation above board so long as HMIT accepts the business/private use split as realistic but you then have to ask yourself...what's the point?
    With a correct understanding of the metabolic half life of caffeine, you can partially apportion your breakfast coffee to business.

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      #22
      Originally posted by Old Greg View Post
      It is more efficient to get your SIPP to purchase it via a holding company in the Dutch Antilles and then lease it to your company.
      I would have thought it would have been better through an offshore loan that then get's written off costing giving them full tax relief and zero cost. Something like the Cayman Isles branch of Brighthouse?
      'CUK forum personality of 2011 - Winner - Yes really!!!!

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        #23
        Originally posted by northernladuk View Post
        I would have thought it would have been better through an offshore loan that then get's written off costing giving them full tax relief and zero cost. Something like the Cayman Isles branch of Brighthouse?
        I could humbly recommend the Oude Joris Max 120 vehicle to maximise the VAT efficiencies.

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          #24
          Originally posted by Old Greg View Post
          I could humbly recommend the Oude Joris Max 120 vehicle to maximise the VAT efficiencies.
          Throughplacement?? Take my money!!!
          'CUK forum personality of 2011 - Winner - Yes really!!!!

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