One Man Band LTD co - Would you put new PC through the books?

marktruman · 8 May 2016 at 15:29

Various accountants have various definitions of whether this is allowed. I work from home, online web design and affiliate marketing. I have a LTD company, just me

I'm planning to build a brand spanking new PC, circa around £1.5k. I'm tempted to buy it through limited company for tax saving. The problem is the personal use on the item, however, no PC.. no work, no money, no income, no ltd company

would you guys do it?

marktruman · 8 May 2016 at 15:40

Skidder said:
A very cautious account would estimate a chunk for personal use.

Yeah, lets be honest, it will mostly be used for personal stuff, however I'm not sure HMRC are going to be able to prove that its not.. Unless they came and watched me 24 hours a day

but, you never know with the HMRC

marktruman · 8 May 2016 at 16:25

ci_newman said:
The laptop that my business provided me was circa £2k, your PC will be fine!

great, so your saying a 2k pc build would be fine also?

Don't tempt me!

marktruman · 8 May 2016 at 16:59

Energize said:
I put new phones and computers through as expenses, the whole personal use thing is a bit ridiculous really, if you are using it for business you need to buy it, personal use is not here nor there as far as I am concerned, it makes no sense to waste the item by not also using it for personal stuff and hmrc can not monitor what you are using it for unless they have put cctv in your house.

is that the phone cost + contract cost?

marktruman · 8 May 2016 at 18:36

Snow-Munki said:
Make sure you spend at least £2k and you'll get vat and tax back.

Under 2k only get the tax back.

Was what I was told any ways.

I'm not vat registered, I don't need to be

would that make a difference? I never thought about VAT implications

marktruman · 8 May 2016 at 18:57

jack.mitchell said:
It's risk vs reward. Is the tax saving worth the possibility of flagging your books? If an item is for personal use, then a portion of it should be deemed so and carved out.

Yeah, that is at back of my mind. Is the saving worth a potential audit/investigation

marktruman · 9 May 2016 at 21:21

yeah I think I will put the PC through, spoke to accountant and he says its fine

I don't take the proverbial with expenses though so I think it will be fine