Buying a computer

Accounting
1

Hello,

I wish to buy a computer for my work, a LTD business. It would be used 100% for work purposes instead me me using my personal computer as I currently do.

We are a new start up LTD company only 4 months old so I think leasing and finance are out of the window. If we are to purchase it ourselves can we claim the VAT back on in full it as it will be between 900-1300 depending upon the model? We are yet to complete our first VAT return as its due in March, but we are on the cash accounting vat scheme and are due to submit vat four times a year as opposed to being on the FRS .

Also can it be claimed in it’s entirety in the first yet as a taxable expense rather than part each year?

TIA

Duncan

2

Hello @LMM

The support team are not registered accountants so would not comment on this. I would reccomend querying this with your accountant for professional advice.

I will leave this thread open for now as there are some accountants on the forum who may wish to comment.