Ebay purchases as company expense??

[W4NTED]

I have recently bought as laser printer and also a PDA off ebay. Both items were brand new. They will be used ligitimately for business. As these were off private sellers there are no official reciepts but I have paypal receipts which show payment recieved and the type/name of the purchased goods.

Can these be run through as a company expenses??

[Eric Mc]

Yes.

[FUBAR]

Eric Mc said:

Yes.

Glad you said that

[Eric Mc]

Obviously, having original and legally complete and correct invoices is the best proof for both tax and accounts/audit purposes but the Revenue will accept other forms of evidence of purchase and ownership if an original invoice doesn't exist.

VAT is different. If you wish to be able to reclaim the Input VAT on the purchase, then a VAT compliant original invoice is the ONLY proof allowable.

[W4NTED]

Boy am I glad at that response Eric

Cheers

PS - As per my earlier post about shutting down company and starting again - its not happening now. We took on board your suggestions of taking the money out after April 08!