SelfAssement Laptop purchase

donfanatico

Quick question , thank in advance for the answers!

Sole Trader, Cash Basis accounting, not VAT registered as under threshold.

A laptop purchase, which box does it go into for tax return? Would entering be without VAT and then VAT claimed elsewhere or the whole amount?

Also I assume no depreciation taken into account as it is going in to AIA?

Thank you!!!:beer:

TheCyclingProgrammer

I believe if you're on cash basis you do not need to claim capital allowances, you just treat it like any other expense.

https://www.gov.uk/simpler-income-tax-cash-basis/income-and-expenses-under-cash-basis

Also the cost would be including VAT.