Mobile Smart Phones

Before you sign up to a new phone contract, consider using your business to pay for it.
You’ll get the corporation tax benefit of 19% and if you’re VAT registered, the VAT back!

Applies to:  

HMRC has confirmed that a limited company may buy (or enter into a rental contract for) one mobile phone/smartphone (e.g. iphone, blackberry or similar) for each of its employees. The device’s sole purpose should be to allow the Director/employee to perform their job (such as contacting Clients or suppliers).

It may also be used for private use but this should not be significant; its primary purpose is for business use.  

Benefits to you: 

If the criteria above is met, then: 

 Practicalities: