Ltd Co Tax Free Perks - Mobile Phones


T

Troy Steadman

Martin said:
I know you like examples, so.... If employee decides to buy and operate a
mobile phone, he gets no relief for this (unless it is demonstrably used for
his employment, satisfying the usual tests)

But if Ltd Coy (intermediary service coy) buys and runs a mobile phone, used
exclusively by the director for social calls across the globe, it's an
expense in the P+L (and gets full CT relief), and is not chargeable (except
in the plug-in nokia sense)...
[splutter]

...as [Benefit in Kind] on the worker (director).
http://www.inlandrevenue.gov.uk/manuals/eimanual/EIM21780.htm

[thinks: ...provided he can find some way of evading IR35 for long
enough to pay Corp Tax so he can get the relief!]

Thanks Martin, you are right I *do* like examples, what are the other
everyday tax free perks I should already know about?
 
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M

Martin

Troy Steadman said:
"Martin" <ngng@ngngng.BARRIER.fsnet.co.uk> wrote in message
I know you like examples, so.... If employee decides to buy and operate a
mobile phone, he gets no relief for this (unless it is demonstrably used for
his employment, satisfying the usual tests)

But if Ltd Coy (intermediary service coy) buys and runs a mobile phone, used
exclusively by the director for social calls across the globe, it's an
expense in the P+L (and gets full CT relief), and is not chargeable (except
in the plug-in nokia sense)...
[splutter]

...as [Benefit in Kind] on the worker (director).
http://www.inlandrevenue.gov.uk/manuals/eimanual/EIM21780.htm

[thinks: ...provided he can find some way of evading IR35 for long
enough to pay Corp Tax so he can get the relief!]

Thanks Martin, you are right I *do* like examples, what are the other
everyday tax free perks I should already know about?
Sorry - I charge 5% of t/o for that info, natch :)
 
F

Fred

Troy Steadman said:
"Martin" <ngng@ngngng.BARRIER.fsnet.co.uk> wrote in message
I know you like examples, so.... If employee decides to buy and operate a
mobile phone, he gets no relief for this (unless it is demonstrably used for
his employment, satisfying the usual tests)

But if Ltd Coy (intermediary service coy) buys and runs a mobile phone, used
exclusively by the director for social calls across the globe, it's an
expense in the P+L (and gets full CT relief), and is not chargeable (except
in the plug-in nokia sense)...
[splutter]

...as [Benefit in Kind] on the worker (director).
http://www.inlandrevenue.gov.uk/manuals/eimanual/EIM21780.htm

[thinks: ...provided he can find some way of evading IR35 for long
enough to pay Corp Tax so he can get the relief!]

Thanks Martin, you are right I *do* like examples, what are the other
everyday tax free perks I should already know about?
Another tax free perk is £2,000 of computer equipment at the employees home.

Are there any others I wasn't aware of?
 
C

Clive George

Another tax free perk is £2,000 of computer equipment at the employees home.

Are there any others I wasn't aware of?
Bicycle provided for commuting, provided that either it is the main method
of commuting or that it's the main use of the bike. Doesn't help those of us
who don't commute though :-(

cheers,
clive
 
J

Jonathan Bryce

Clive said:
Bicycle provided for commuting, provided that either it is the main method
of commuting or that it's the main use of the bike. Doesn't help those of
us who don't commute though :-(
Well remember to cycle down the stairs from the bedroom to the study. :)
 
C

Clive George

Jonathan Bryce said:
Well remember to cycle down the stairs from the bedroom to the study. :)
Hey - that way I could justify a full sus mtb!

cheers,
clive
 
S

Simon Steer

Jonathan Bryce said:
Well remember to cycle down the stairs from the bedroom to the study. :)
and remember not to ride the thing between the platforms on the station or
just take it on the rush hour train.
 
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F

fadyvictor

Martin said:
I know you like examples, so.... If employee decides to buy and operate a
mobile phone, he gets no relief for this (unless it is demonstrably used for
his employment, satisfying the usual tests)

But if Ltd Coy (intermediary service coy) buys and runs a mobile phone, used
exclusively by the director for social calls across the globe, it's an
expense in the P+L (and gets full CT relief), and is not chargeable (except
in the plug-in nokia sense)...
[splutter]

...as [Benefit in Kind] on the worker (director).
http://www.inlandrevenue.gov.uk/manuals/eimanual/EIM21780.htm

[thinks: ...provided he can find some way of evading IR35 for long
enough to pay Corp Tax so he can get the relief!]

Thanks Martin, you are right I *do* like examples, what are the other
everyday tax free perks I should already know about?
here is a blog that review the latest mobile phones specs for brands(Nokia, BlackBerry, Apple, SamSung)
www.latestmobiles-price.blogspot.com
 

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