I was just about to say that, but you put it so much more elegantly. *Sorry, I had to say in in my own way (below).
Talk about a shit forum. Have you seen that tankslap place that Eyeore moderates? Fookin hell, it's depressing. Guess who makes it so.
You need to split this post into two. That way I can give you a green tick for the vat calculation and a Nuke for you talking shit about our forum.....again!
He's right on the VAT, but often the PSC is at the end of the chain. I dont need a lot of equipment or materials. My next filing is by 7th of March, I can confirm I'm definitely handing a few quid over. I actually had to stop my account claiming VAT back were I hadn't paid it. (Macbook pro drop shipped from Hong kong - it worked out cheaper)
You should have paid import duty and Vat at point of entry, then claimed just the vat back. That is what your accountant was expecting. The Macbook should be on your asset register, being written down at 20% a year, so in the first year you could claim 100% of the vat and 20% of the price (net) as a cost against your corporation tax.
If you earn too much via PAYE then you'll (limited company owner) pay both Employee and Employers National insurance. The legal trick is to pay enough to qualify for a credit towards your pension years, while not hitting the NI thresholds. At present you can avoid National Insurance if the amount they earn is below the threshold of £672 a month. The figure of £155 per week is called the ‘Primary Threshold’ for National Insurance Contributions. Above this level of earnings you have to pay National Insurance Contributions (NICs) and you build up rights to contributory benefits such as the state pension. Between £112 per week and £155 per week you do not have to pay any NICs, but you are credited into the system as if you had paid. But if you earn less than £112 per week you neither pay NICs nor are credited into the system. If you fail to contribute for a significant number of years, you may find that you do not get a full state pension at retirement. You top up your earnings via dividends, however these are only subjected to Tax and you get credits against the corporation tax paid.
