Filling out a self assesment form - what allowance for Laptop purchase (£1000) by employee and used solely for work for employer?
As an expense it is presumably deducted from gross income.This will mean that (as basic rate payer) he will receive a benefit of 20% of the cost of the laptop.
Is it all allowable in Year 1? Or 40% year 1and 25% on reducing balance in subsequent years?
Apologies for this basic question but the online answers seem to be somewhat confusing.