Small Business or Personal tariff?

impvan

Due to the virtual disappearance of Vodafone signal in this area over the last month, I'm looking at jumping ship..
I'm currently on a small business tariff, one phone, sim-only.

Other than getting a VAT invoice, is there any other reason why I shouldn't get just a personal deal?

impvan

easy

No reason at all, I did that for the last two years. You should also be able to get a VAT receipt, I just asked O2, and was then able to download it every month. I then just put it through my ltd company with my expenses.

If you are a sole trader it makes no difference at all. If you have a ltd company, you are treated as an employee, and if the company pays a contract which is in your name its considered a benefit in kind, so will be liable for tax.

Mind you, the price difference between a personal & a business contract can make that worthwhile - unless you're up in the 40% bracket.

For a more full explanation, see below.

http://m.accountingweb.co.uk/topic/tax/employee-benefits-phones-blackberrys-and-tax-rebecca-benneyworth

Vodafone

Hi impvan,

I'm sorry to see that you've been experiencing difficulties with the coverage in your area.

If you'd like any further help with this, I'd recommend following the troubleshooting steps on our eForum, which have been linked to here.

Kind regards,

Lee

Web Relations

Vodafone UK