Business Digital Camera

stphnstevey

Can I still claim for one, even if there is no real business need?

Truth, need new camera and wondering if business could pay fo it!

chriiiiiiiis

It won't be your business that's paying for it, it'll be taxpayers money.

Oblivion

stphnstevey wrote: »

Can I still claim for one, even if there is no real business need?

Truth, need new camera and wondering if business could pay fo it!

Of course you can. Please post a few pictures of your face, taken with the new camera, when the Revenue arrive to serve a summons.

Dave.

RayWolfe

Yea, why don't you buy some furniture for you dining room whilst you're at it. I don't mind paying more tax so that you can get tax relief. Honest.

mrkbrrws

Whether the business needs a new camera is irrelevant.

If the camera is partly used in the business then a proportion would be allowable.

If the camera is not used in the business then it would not be allowed.

stphnstevey

Anyone has the same opportunities I have to set up a company and arrange their tax affairs in the most efficient way. It's one of the few benefits that small businesses get, for taking a huge amount more risk than the average employee and dealing with the crippling regulations and paperwork that this goverment has heaped on small businesses, the backbone of the UK.

If no one took advantage of the reliefs, loopholes and deals that were available to them, 70% of this forum wouldn't exist.

Ray - you started a thread on MSE being a 'thoroughly unpleasant place' - with comments like yours I can see exactly why it has become that way..

Don't hate the player, hate the game!

mswannabe_2

Not worth the risk. Must be wholly and exclusively for business use.

ManAtHome

Usual rule with the Revenue is "thou shall not take the pi$$". Best bet is to run it past your accountant who has probably been dealing with the local tax office for years (not all tax offices are equal...).

RayWolfe

stphnstevey wrote: »

Anyone has the same opportunities I have to set up a company and arrange their tax affairs in the most efficient way. It's one of the few benefits that small businesses get, for taking a huge amount more risk than the average employee and dealing with the crippling regulations and paperwork that this goverment has heaped on small businesses, the backbone of the UK.

If no one took advantage of the reliefs, loopholes and deals that were available to them, 70% of this forum wouldn't exist.

Ray - you started a thread on MSE being a 'thoroughly unpleasant place' - with comments like yours I can see exactly why it has become that way..

Don't hate the player, hate the game!

OK, let me be a little more measured.

What is it about Wholly, Necessarily and Exclusively that you do not understand? What was it about my allusion to buying home furniture from your business that you thought unreasonable? You started by saying the camera was not for your business; your furniture would not be for your business either but would you consider charging it to the business? What would you think about someone who did not declare all their income for tax purposes? What do you think of people claiming unemployment benefits but working in the black economy; are you happy for your tax to be used to pay them?

Enough questions. On to morality.

Maybe you think that cheating taxpayers is acceptable provided that it is a business doing it because "that's one of the few benefits businesses get". Don't think that's quite correct, but even if it were, it leads to the morality of some bigger businesses that, for example, lead CEOs of Irish banks to think they can take eleven million euro loans from the bank that employs them without telling the owners, or for Bellway to pay out performance bonuses to its directors even though they have not achieved their performance targets, or for Madoff to run a Ponzi scheme with other peoples money. All big businesses were small when they started.
I really do wish you and other self made people well in your businesses but if they make it by taking money away from, for example, people on minimum wage or pensioners with a little saving, then shame on them.
You knew what your original question was saying about you. You also knew the answer before you asked. You have learned nothing that you did not already know.
Good luck with your business venture and good luck with your photography.

stphnstevey

So everyone who has any sort of tax relief at all is taking it off of pensioners and people on minimal wage then according to you.

God what will we ever do about all those pensioners that have got tax relief on their pensions and people on minimum wage that claim Working Tax Credits????
:eek:

Lets stop them doing that and all other forms of tax relief as it might have a the smallest impact in the world on RayWolfe's tax

My Grandad fought a war to stop people like you getting in power

McKneff

legitimate tax relief is fine, fraudulent tax relief is not.
Even your grandad would agree with that!!!!