Working from home tax checklist
With gridlock predicted for the capital during the London 2012 Olympics, the pressure is on more people to work flexibly from home. Jennifer Adams presents a checklist of the main tax issues that may arise.
Whether as a result of special circumstances such as bad weather or the Olympic games, working from home regularly rears its head in AccountingWEB’s Any Answers section, particularly concerning claims for directors who use their home as an office.
Four years ago Nichola Ross-Martin wrote a series of articles on this topic that still stand the test of time; not much has changed apart from the HMRC increasing the standard weekly scale rate to £4.
The full article available to logged-in AccountingWEB.co.uk members provides a checklist of points to consider, including:
- General employment expenses - conditions and what is allowed
- Voluntary arrangements (eg Olympics) - what can be claimed under s316 ITEPA 2003
- Directors’ licence agreement
- Any Answers queries
- How to calculate claim
- Tax tips for home workers
- Equipping employees to work from home
- Incidental private use of computers, equipment and services
- Focus on remote working - tools, tax and techniques
- Use of home articles and Any Answers queries
Jennifer Adams FCIS TEP ATT is a freelance writer and author specialising in tax and company secretarial issues, and can be contacted at Abacus Business Solutions.