A guidance note issued by HM Revenue &
Customs has delivered bad tax news for companies who provide computers to
employees for use in their own homes.
The note confirmed that as of 13 August, HMRC’s old policy of allowing full
VAT recovery where there is any business use, regardless of private use, has
The change in policy follows the abandonment of the
Initiative for direct tax purposes in the Budget last year.
The ICAEW said it was now necessary to
consider why a computer is being provided to an employee to determine the level
of VAT that can be claimed.
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