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27.11.2014
Mobile phone business expenses are incurred by most people these days – who goes anywhere without theirs?
We’re very often faced with the question of what can and can’t be claimed.
The simple answer to each is NO…unless you get everything registered in the business name.
Business tariffs may be more expensive than personal tariffs but the benefits are vast:
If you use a personal phone for business and the business reimburses you, you should be aware that:
A costly benefit may arise if you claim more than you should, so don’t be caught out. Don’t let it put you off claiming the business expense, but why not simplify it all by transferring things into the business name?
Further details on what is and isn’t permitted are available from HMRC:
http://www.hmrc.gov.uk/manuals/eimanual/EIM21780.htm
http://www.hmrc.gov.uk/manuals/eimanual/EIM32940.htm
If you think you may be caught out by the rules or would like some planning and advice then please give us a call.
And if you know of any great business tariffs available out in the market place why not comment and share them with your fellow blog readers below.