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Actually no I didn't know that. What's the go with the £2k limit thing? Does something change over £2k? I don't do my own accounting, I just throw receipts at my peeps.
hippy-
If you're on the flat rate VAT scheme then you can't claim back VAT on individual purchases.
UNLESS - the purchase is over 2k on a single invoice. Then you can claim back VAT.
So a £1999 PC would cost you(r company) £1999
A £2000 PC would cost you £2000 / 1.2 = £1666.67Check with the accountant of course, but assuming you're on the flat rate VAT scheme and the PC is justifiable work expense etc then you'll be fine.
duncs
Oh yeah, if you are a contractor on flat rate, get it over 2k and reclaim the VAT, be cheaper than paying less... but I am sure you knew that...