Does Mobile Phone count as company contractor expense?

[rocktronAMP]

Hi All

Does buying a new mobile phone outright count as a limited company expense?

I mean paying the full whack without a contract.

Can I claim for it against the LTD business? What happens if I get two mobile phones, does the tax man say "no, that's not allowed"

Also what about getting a laptop for your LTD business?

[northernladuk]

These have been done to death. Nearly every accountant has advice about phone and laptops on their Web pages.
It's covered to death already in these forums so you could search using the Google method.
Phones site:forums.contractoruk.com

It's covered in the links on the right.

You can just Google it. Tons of guides as this is very basic...

And then there is your accountant.

A bit of effort would have gotten you your answer.

[MrButton]

Does Mobile Phone count as company contractor expense?

Have you tried to search the forum?

It’s been answered plenty of times so no need to go over it again.

HTH

Edit - bah too slow.

[scooterscot]

If you use it to do business, then yes. Why on earth wouldn't be.

[TestMangler]

Don't forget to add a bike, a big TV, a season ticket for Manchester United and an interest free loan for a BTL.

[rocktronAMP]

Don't forget to add a bike, a big TV, a season ticket for Manchester United and an interest free loan for a BTL.

I'd take the season ticket for Manchester United, if I lived anywhere near the stadium of Old Trafford. Probably, it'd be cheap as chips with Jose' current form in man / team management

Yep point taken, because that was numbskull question to ask near midnight at near end of Summer. LOL

[PerfectStorm]

Make sure the phone and the SIM card it uses are purchased from the company account, preferably in the company name (hint: try to get your company name on the first line of your address if you can)

[PhiltheGreek]

Make sure the phone and the SIM card it uses are purchased from the company account, preferably in the company name (hint: try to get your company name on the first line of your address if you can)

But don't move house, or you'll have to close down your company and open another one called after your new road.

[TheCyclingProgrammer]

(hint: try to get your company name on the first line of your address if you can)

For the millionth time, even if you get this past the network, this is not the same thing as having a contract in the company name and would likely fall foul of BIK rules if YourCo is paying your mobile phone bill if you were unlucky enough to get inspected.

Unless it's a business contract, the contract is going to be in your name (i.e. you are personally liable for paying the bill, not YourCo). It's you who will be chased if the bill doesn't get paid, not YourCo. You *might* "get away" with just adding YourCo to the correspondence address, but it depends how thorough the tax inspector is.

[PerfectStorm]

For the millionth time, even if you get this past the network, this is not the same thing as having a contract in the company name and would likely fall foul of BIK rules if YourCo is paying your mobile phone bill if you were unlucky enough to get inspected.

Unless it's a business contract, the contract is going to be in your name (i.e. you are personally liable for paying the bill, not YourCo). It's you who will be chased if the bill doesn't get paid, not YourCo. You *might* "get away" with just adding YourCo to the correspondence address, but it depends how thorough the tax inspector is.

Are you aware of an example of an inspector failing someone based on that test?