Originally posted by Orangecat
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To be clear...... Claiming stationery as a business expense is fine.
BUT..... as mentioned earlier in the thread it will only help you go over the 2% threshold that will allow you to cease being a limited cost trader, if it's 100% for business use only.
So if your ridiculously expensive stationery is business only then you can do it. But you will need to do it every year. At some point you need to consider if this is good business. I reckon you'll end up with a sh*t load of unused stationery, and the tiny profit you would have made on the FRS scheme has been swallowed up on those extra costs.
And any VAT on on accountancy, hotels, mileage and other expenses will not be reclaimable.
In short. Forget it.
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