Personal or Business

[Anonymous]

Hi

I am looking to get a new phone for work - which will be paid for through the company.

I am just wondering though if there is a reason why I woudl get a Business contract over a Personal one, especially as the personal ones seem cheaper?

Thank You

[MI5 · Accepted solution]

Normal consumer contract would be most suitable.
Business contracts tend to be taken mostly by businesses to give out to employees.

[Curr946]

Well buisness ones can be exempt from tax , personal ones cant.

https://www.gov.uk/expenses-and-benefits-mobile-phones/what-to-report-and-pay

[Anonymous]

Hi

thank you for your resopnse. So if the company are paying it through their bank account it is ok for it to be a personal rental?

[Curr946]

It would appear so.

[MI5]

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@Anonymous wrote:

Hi

thank you for your resopnse. So if the company are paying it through their bank account it is ok for it to be a personal rental?

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Yes, no problem and you can't reclaim the VAT from either contract unless you are self employed.