AD FEATURE CAN YOU CLAIM TAX RELIEF ON HOME WORKING EXPENSES? Accountant and business adviser lan Piper warns that employees who are currently home- working could be missing out on a tax refund. During this challenging time, we're here to offer help and advice... Under current COVID-19 safe working guidance, employees are being encouraged by the Government to stay away from their office and work from home, if they can. So, many a study or back-bedroom around the country is now in need of a replacement carpet through all of this extra wear and tear. If your employer is not reimbursing you, this presents a new opportunity to claim tax relief for additional household costs, if you have to work at home on a regular or ad-hoc basis, so long as it is required by your employer for at least a single occasion throughout the 2020-21 tax year. Such additional household costs include: Heating Water Home contents insurance Business telephone calls To make the claim with HM Revenue & Customs, you can either claim for actual costs or claim a standard £6 per week flat rate instead. You may also be able to claim tax relief on work related equipment you've bought, such as a laptop, chair or mobile phone. Providing core accounting services with specialist expertise in: · Agriculture Business Start up · Corp. Tax & Finance Charities Construction Contractors Coud Accounting Private Client Tax Property Wealth Management St Ives office: 01480 468931 stives@whitingandpartners.co.uk St Neots office: 01480 470755 stneots@whitingandpartners.co.uk If you do not already prepare an annual Self-Assessment Tax Return you can advise HMRC of the claim by letter, telephone or through a new web-based service: www.gov.uk/ tax-relief-for-employees/working-at-home. In money terms, claiming the flat rate will save £62 a year income tax for a basic rate taxpayer, or £125 pa for a higher rate taxpayer - not enough for a replacement carpet, but maybe enough for a rug. Ramsey office: 01487 812441 ramsey@whitingandpartners.co.uk WHITING PARTNERS The Corporate Firance Network ICAEW CHARTERED ACCOUNTANTS Chartered Accountants & Business Advisers For further help and information visit our websitewhitingandpartners.co.uk or contact your local Whiting & Partners office. whitingandpartners.co.uk Bury St. Edmunds Peterborough Ramsey St. Ives Ely King's Lynn March Mildenhall St. Neots Wisbech AD FEATURE CAN YOU CLAIM TAX RELIEF ON HOME WORKING EXPENSES? Accountant and business adviser lan Piper warns that employees who are currently home- working could be missing out on a tax refund. During this challenging time, we're here to offer help and advice... Under current COVID-19 safe working guidance, employees are being encouraged by the Government to stay away from their office and work from home, if they can. So, many a study or back-bedroom around the country is now in need of a replacement carpet through all of this extra wear and tear. If your employer is not reimbursing you, this presents a new opportunity to claim tax relief for additional household costs, if you have to work at home on a regular or ad-hoc basis, so long as it is required by your employer for at least a single occasion throughout the 2020-21 tax year. Such additional household costs include: Heating Water Home contents insurance Business telephone calls To make the claim with HM Revenue & Customs, you can either claim for actual costs or claim a standard £6 per week flat rate instead. You may also be able to claim tax relief on work related equipment you've bought, such as a laptop, chair or mobile phone. Providing core accounting services with specialist expertise in: · Agriculture Business Start up · Corp. Tax & Finance Charities Construction Contractors Coud Accounting Private Client Tax Property Wealth Management St Ives office: 01480 468931 stives@whitingandpartners.co.uk St Neots office: 01480 470755 stneots@whitingandpartners.co.uk If you do not already prepare an annual Self-Assessment Tax Return you can advise HMRC of the claim by letter, telephone or through a new web-based service: www.gov.uk/ tax-relief-for-employees/working-at-home. In money terms, claiming the flat rate will save £62 a year income tax for a basic rate taxpayer, or £125 pa for a higher rate taxpayer - not enough for a replacement carpet, but maybe enough for a rug. Ramsey office: 01487 812441 ramsey@whitingandpartners.co.uk WHITING PARTNERS The Corporate Firance Network ICAEW CHARTERED ACCOUNTANTS Chartered Accountants & Business Advisers For further help and information visit our websitewhitingandpartners.co.uk or contact your local Whiting & Partners office. whitingandpartners.co.uk Bury St. Edmunds Peterborough Ramsey St. Ives Ely King's Lynn March Mildenhall St. Neots Wisbech