I’m reading that the purchase of one laptop should be consired as a capital asset, which falls in Quickfile under the category “Office Equipment [Asset]”. I have yet to complete my VAT return, will the laptop be automatically counted in the Annual Investment Allowance when doing my return in Quickf…

AIA and other capital allowances are not relevant for VAT, they’re an income tax/corporation tax thing. For VAT you claim back all the VAT on the return that corresponds to the date of the purchase invoice or payment (depending if you’re on accrual or cash accounting), and it’s only the ex-VAT net …

Laptop - Capital asset and AIA

Accounting

QFSteve 18 July 2023 10:53 2

Hello @Orax

I found this in the forum which may help

Also QuickFile doesn’t do any reporting on AIA, so it would be something to raise with your accountant at year end.