Private no. plate ?

[rswift]

Would a private plate be a legitimate business expense fory Ltd company ?

I have seen a plate perfect for my company, and although have no suitable vehicle to put it on at the moment could I hold it on retention as a company asset ?

[Burrow01]

My wifes company bought a batch of private plates for the sales peoples company cars - looked very smart with the company initials on

They did not buy any more though as the sales team did not like people not knowing they had a new car

[Ossiantoad]

I'm not a tax expert but a client on mine once got a plate which vaguely referenced his business and told me he was able to put it down as an expense.

The man to ask would be the guy who runs Pimlico Plumbers. All his vans have loo and bathroom related plates. W4TER, BOG1, B1DET, 3LOO etc.

[Matt UK]

I'm not sure if it could be classed as an expense. But I guess it could be purchased and classed as an asset.

[DSLiverpool]

I named my company after a plate far cheaper than getting a plate to match your company!
My company is called EHF 401Y

[2 sMoKiN bArReLs]

Yes, write it off to marketing, I would.

[2 sMoKiN bArReLs]

Nearly all this fleet have the private plate thing

[CRA1G]

DSLiverpool said:

I named my company after a plate far cheaper than getting a plate to match your company!
My company is called EHF 401Y

Jack Tordoff the founder of JCT 600 which is a huge multi million with multi franchised deanships in the north named the company after his number plate hence "JCT 600"

[Storer]

I see no issue if it is listed as a company asset and is attached to a company vehicle (or held to go on a company vehicle).

It will need to have a fairly clear link to the company name or type of business for the tax man to struggle to object though.


Paul

[2 sMoKiN bArReLs]

Storer said:

I see no issue if it is listed as a company asset and is attached to a company vehicle (or held to go on a company vehicle).

It will need to have a fairly clear link to the company name or type of business for the tax man to struggle to object though.


Paul

Better written of in the year of acquisition though to accelerate the tax relief?

[AyBee]

Storer said:

I see no issue if it is listed as a company asset and is attached to a company vehicle (or held to go on a company vehicle).

It will need to have a fairly clear link to the company name or type of business for the tax man to struggle to object though.

Paul

Why does it need to be on a company car? Would have thought advertising the company using a private plate could be ok, no?

[Storer]

I think the tax man will want to see a direct link if it is to be a business expense.

How do you show the link if it is on a private vehicle. Why would a company 'give' the plate to a private individual. Advertising is a very subjective reason.


Paul

[Mandat]

Storer said:

I think the tax man will want to see a direct link if it is to be a business expense.

How do you show the link if it is on a private vehicle. Why would a company 'give' the plate to a private individual. Advertising is a very subjective reason.


Paul

If it's bought as a company asset, does it matter what the asset is? Deos the assett have to be related to the business trade?