Coronavirus: Tax reliefs to support homeworking
Helen Thornley explores what tax reliefs are available to support employees who are required to work at home, including the change annouced on 13 May for tax relief on the cost of home office equipment.
You might also be interested in
Replies (6)
Please login or register to join the discussion.
but we haven’t seen definitive confirmation that HMRC will accept that the further condition of lack of choice over working arrangements has been met.
Surely Government guidance itself ("Stay at Home") is sufficient to remove any choice over working arrangements. In fact the only choice is work from home or don't work at all.
I agree that although this "working from home" scenario has hit all of us like a truck, the framework has been ill-implemented, at best. I saw during a TV debate, the participants were asked whether the internet charges should be reimbursed by the company? The panel was dead silent for a moment, and then ablaze with uproarious indecision the next. The fact of the matter is that the nuance has been ignored a great deal, while being focused on the bigger picture in total. It is really the details that the devil resides in.
~Sanjeev Nanda
And playing Devil's Advocate for a moment, will there be a proportion of capital gains not covered by PRR where a room has been exclusively set aside at home for non-private purposes? A highly unlikely scenario, but you never know....
Unless of course you are an MP, when a whopping £10k additional allowance is now available to you. There was something about "us all being in this together" but I expect this is excluded.
It's not an allowance, it's an increase in the IPSA budget ceiling for office expenses for expenditure that can be justified under existing rules.