Best way to buy a laptop for sons business when he is away

[steveatesh]

Son runs a Ltd company business which is still embryonic. He needs a laptop for it and of course now is the best time to buy with Black Friday.

However, he is abroad at the moment in the South Atlantic and does not have access to internet.

In order he can claim any tax back on his business does he have to actually make the payment himself with his own credit card when he returns to the UK mid December
OR
can we buy it in the sale on his behalf and transfer it to him with some form of invoice from us which will allow him to put it against company tax?

Sorry Cant ask his accountant as son is not in a position to contact him .

Cheers in advance.

[SuffolkDefender]

I'm not an accountant, but the business can acquire goods from any source (be that you or Amazon etc) and write them off against tax if there is an invoice for it.

At least, I've done it that way on occassion when I haven't had a company card with me and needed to make a purchase, and my accountant has never had an issue with it. I simply 'sold' those assets to the business and provided an invoice.

[PoorCarCollector]

You pay for it with an invoice made to his company and then he pays you back on his return.

IMHO black Friday often makes minimal difference on laptops though, if you'd rather wait until his return.

[AyBee]

Pay in cash and nobody is any the wiser who paid for it so presumably it doesn't matter.

[steveatesh]

Thats great thanks everybody appreciate it, I will get it bought!

[AB]

Doesn't matter who pays for it.

Just needs something in the accounts to show what it was and how much.

If he's VAT registered then he can put the receipt in and pay you back and still claim the VAT.

[2 sMoKiN bArReLs]

AyBee said:

Pay in cash and nobody is any the wiser who paid for it so presumably it doesn't matter.

Always pay for expensive stuff with a credit card!

As said, anybody can pay, he just needs a proper VAT receipt to do the necessary.

(He claims back from the company, then remits the reimbursement to you)

[AyBee]

2 sMoKiN bArReLs said:

AyBee said:

Pay in cash and nobody is any the wiser who paid for it so presumably it doesn't matter.

Always pay for expensive stuff with a credit card!

As said, anybody can pay, he just needs a proper VAT receipt to do the necessary.

(He claims back from the company, then remits the reimbursement to you)

I was using that as an example as to why it doesn't matter who pays, rather than a suggestion that he should pay cash.

[Douglas Quaid]

Why don’t you just ask him to text you his business credit card number and use that to pay for it?

[2 sMoKiN bArReLs]

AyBee said:

2 sMoKiN bArReLs said:

AyBee said:

Pay in cash and nobody is any the wiser who paid for it so presumably it doesn't matter.

Always pay for expensive stuff with a credit card!

As said, anybody can pay, he just needs a proper VAT receipt to do the necessary.

(He claims back from the company, then remits the reimbursement to you)

I was using that as an example as to why it doesn't matter who pays, rather than a suggestion that he should pay cash.

Aha, I misinterpreted "pay in cash" as pay in cash