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Posted by
Brock, 15:08, 27th July 2004:
Someone mentioned to me a little while ago (I think it was Alfie) that you can claim back 100% of the cost of computers for business. Against tax or something. I recently heard it mentioned in relation to company mobiles (if they are internet ready, I think was the proviso).
Anyone got any ideas where I can find out more detail?
Is this still relevant?
I really ought to pay more attention to this sort of thing. I mean, 100%!!! That's nearly all of it!
Posted by
Sul, 15:22, 27th July 2004:
Don't you have an accountant? I know Vic got his ipod written off as an expense but I'm not to sure about his PC.
Posted by
Grim..., 15:23, 27th July 2004:
Seriously?
If you can I'd like to here about it.
Posted by
Brock, 15:24, 27th July 2004:
We have an accountant, but he's crap...
Posted by
Sul, 15:33, 27th July 2004:
You need Mr Menendez's super accountant. Have a word with him tomorrow, he's likely to be in a good mood.
Posted by
Sul, 15:34, 27th July 2004:
Vic, not his accountant. Although the accountant is probably going to be pleased with himself too.
Brock: ring the Tax Dept and ask for customer services. Seriously.
You've always been able to write off 100% of computers' cost in a business context, by depreciating to £0 over their expected life and claiming each year's depreciation instalment as an expense. But there are some special-case rules for convenience. From memory, in the UK normal desktop personal computers can be written off as an expense in the year of purchase (ie 100% in the same/first year)
BTW: the effect of claiming the amount as an expense against tax is to reduce the cost of the PC to (100%-tax rate) which is currently 70% for UK companies IIRC.
Not a bad benefit from filling out a form, eh
NB: doesn't work for human beings, as tax deductions are prima facie disallowed for humans, only legal entities get them in the UK. brain dead isn't it
£2500 PC, £300 Ipod and an Omega watch all cost me nowt, I made out like a bandit last year.
Posted by
Brock, 17:34, 27th July 2004:
Holy fuck. £2,500K PC? What the fuck spec is that?
That must be a hell of a lot of porn-drive space...
There's a thread about it somewhere.
Actually, now i come to think about it, it was £1500, sorry about bigging myself up there.
how did you justify the ipod & the watch?
and when you say "cost you nowt", do you mean you claimed the entire amount against taxable revenue, or do you mean you got some sort of rebate or perk?