16.10.2020

Every Penny Helps!!!

As an employee, were you asked to work from home?  Did you get reimbursed by your company ?

If not, you may be entitled to claim tax relief on additional household expenses, for example, extra heating and lighting.  

How much can I claim?

From 6 April 2020 – £6 per week or £26 per month

Prior to 6 April 2020 – £4 per week or £18 per month

Figures above are based on 20% basic rate of tax

So for someone who has been working from home from 6 April 2020 to 16 October 2020 (about a 28 week period), you could be entitled to:

£6 x 28 weeks = £168.00

How do I claim

Making a claim is easy – go to GOV.UK and search 'claim tax relief for your job expenses'.

It’s quick and secure, and those who are eligible will receive their full entitlement by an adjustment to their tax code.

Comment

It won't be enough to retire on, but you might be able to have dinner out on the Taxman!!

Posted by: Prospectus IT Recruitment