Working from Home; Claim tax relief from job Expenses

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Following the coronavirus pandemic, the United Kingdom government outlined various measures to support businesses and individuals.

These include the coronavirus job retention scheme, small business rates grants, bounce back loans, self isolation SSP etc. The government also, announced that any worker who had to work from home because of coronavirus can claim tax relief.

This is to cater for things that the worker had to buy to use for his or her work at home. As a result, claims can only be made by those who pay for these essentials, with their own money.

That is to say, if your employer pays for the items bought. Or gives you the required items but you choose another model, you cannot make a claim.

Read Also: GSS begins training for 2021 population and housing census

HOW IT WORKS

To be eligible, you must have paid tax in the year (2020). The tax relief will then be calculated based on the amount spent and the rate at which you pay tax.

If you make a claim for the current tax year, adjustments are made by HMRC through your tax code. However, if the claim is for a previous tax year, you may either see the adjustments through a tax code of tax refund.

These expenses, must only be work related expenses while working from home due to coronavirus.

CLICK HERE TO APPLY ON THE OFFICIAL WEBSITE

Source: Ghnewspress.com

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