I operate as a limited company (one man band), but my mobile phone, which I use mainly for business, is being paid out of my personal bank account.
Should I just credit these payments to my DLA, or should I alter the direct debit to come out of the company bank account?
Replies (6)
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Who is the contract with? If it's a personal contract then what makes you think it has anything to do with the company?
The phone expenses that you could put on your employment page would be limited to the out-of-tarrif cost of business calls, not the line rental or calls included in your tarrif. You would be advised to keep a record of all calls for which you were claiming, such as an itemised bill..
If the company reimburses you personally for the full monthly contract cost then you have BIK and NIC issues.
Going forward, the simplest way of paying the actual cost of the phone is for the company to pay the bills. Can you switch your contract so that the company pays directly?
re
I hope not - but stand to be corrected!
It would be an agreement between the company and a mobile phone provider, it's just that the director happens to be the mobile phone provider.
I would think as long as it's documented properly it covers off any issues, but I would love to hear other people's thoughts on this.