Arc Mobiles

There are some basic differences between a personal phone and a business phone. And some laws are to be followed in order to own one of them. Tax: When the law changes, it means that the company can provide each worker with a mobile phone and a SIM card, but it is without any kind of profit. But business mobile contracts must be in the name of the company. But it can also happen that the mobile phone is in your name, but it's paid for by the company's account. In this scenario, it is considered as the benefit in kind. This thing should be reported on the P11D, and there will be class 1 NIC to pay via the payroll on this benefit. It can also happen that the phone is in your name, and you paid it for you but ask the company to pay it back afterwards. In this case, you are paid via payroll. You have to deduct and pay PAYE and Class NIC on the value of the monthly contract for any personal over and monthly tariff calls. It is worth checking out with the accountant. Bu