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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.

  • 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 = £1666.67

    Check 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.

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