Pitiful increase in tax-free rates for homeworkers
Posted by AccountingWEB in Tax on Wed, 09/04/2008 - 12:08
Following massive increases in energy costs HMRC has increased their guideline rate for employers' tax and NIC free payments to homeworking employees.
From 6 April 2008, it has increased the tax and NIC free guideline rate employers can pay home working employees without keeping records from £2 to £3 per week.
Under S 316A ITEPA 2003, employers can reimburse their employees who work regularly from home for the additional household expenses they incur without incurring an extra tax or NICs charge.
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