July 10, 2008

Not every business purchase is tax deductible

by Brian Turner

If you're new here, you may want to subscribe to my RSS feed. Thank you for visiting!

Interesting thread on the forums: Splitting the cost of a new phone for business & personal use.

Frauke Golding makes some good points in posts 3,8, and 10 about how HMRC doesn’t consider every purchase as tax deductible.

Even a Blackberry is defined as a personal computer, and therefore may not allow for tax concessions.

And even buying a business suit may not be, apparently:

we have to wear clothing for decency purposes and therefore duality of purpose is the reason clothing is not a allowable business expense

Whatever you fear, fear the taxman most. :)

Story link: Not every business purchase is tax deductible

Add to Bookmarks:

 

 

 

• Recent Posts

  • Barclays boosts job creation with £500,000 competition
  • Windows 7 SP1 just a minor update
  • Commodore 64 is reborn
  • Small businesses at greatest risk from cyber crime
  • 26% of UK youngsters have tried hacking

• Most read today

  • Forum admins warned on new wave of spam
  • How Google destroyed $1 billion of United Airlines
  • How to combat spam on vbulletin forums
  • Hurricane on Wall St: Lehman bust; Merrill bought
  • Santy: Automated attack on phpbb forums