Originally posted by SueEllen
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mobile phone - VAT
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Originally posted by TheCyclingProgrammer View PostGet a valid VAT invoice for the handset in the company name and you can reclaim the VAT. If the phone is for mixed personal/business use there's a limit of one phone per employee but you do not need to apportion the VAT for any personal use. No limits on the number of phones if they are just for business use but each one still needs to pass the wholly and exclusively test.
The phone itself can be offset against CT as a revenue expense or using capital allowances if you capitalise the handset (depending on the value and your company policy).Comment
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