World News – GB – Nearly 55,000 clients request tax relief for working from home

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As of April 6, 2020, employers have been able to pay up to £ 6 per week tax-free to cover additional costs if they had to work from home

HM Revenue and Customs (HMRC) has received more than 54,800 complaints from customers using a new online portal that allows workers to claim tax relief for working from home

Launched on October 1, the online portal is simple to use and has been set up to process tax breaks on additional expenses for salaried workers who have been asked to work from home by their employer to help stop the spread coronavirus

As of April 6, 2020, employers can pay up to £ 6 per week tax free to cover additional costs if they had to work from home

Employees who have not received payment for work-at-home expenses directly from their employer can apply for HMRC tax relief

For example, if a salaried worker pays the base tax rate of 20% and requests tax relief of £ 6 per week, they will receive £ 120 per week in tax relief (20% of £ 6 per week) on the cost of their household bills

Over the course of the year this could mean that taxpayers can reduce the tax they pay by £ 62 40 or £ 124 80 respectively

Acting Director General of Client Services at HMRC Karl Khan said: “We want everyone to get the money they are entitled to, so we have made the online service as easy to use as possible. a few minutes to make a complaint « 

Once the request is approved, the online portal will adjust an individual’s tax code for tax year 2020 to 2021

The employee will receive the tax relief directly through their salary and will continue to benefit from the adjustment until March 2021

The HMRC also reminds employed workers, such as healthcare workers and nursing home staff, that they can also claim tax relief on work-related expenses, including cleaning their uniforms. job

The extra money can help thousands of critical workers whose efforts help save lives during the coronavirus pandemic

Employees who clean, replace or repair uniforms or tools, or pay fees and subscriptions for their work can apply online directly to HMRC and instantly see if they are eligible for tax relief on labor costs

From 2018 to 2019, more than 500,000 clients (66% of total expense reports) requested tax relief using an agent rather than directly from HMRC and will have had to pay a fee or commission

But those who are paid via Pay As You Earn (PAYE) can claim directly from HMRC and keep all the money they are entitled to

HMRC encourages clients requesting work from home tax relief to apply directly via: https: // wwwgoven / employee tax relief / working from home

Agents will not be able to use the new service to request repair on behalf of a customer

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World news – GB – Nearly 55,000 clients demand tax relief for working from home



SOURCE: https://www.w24news.com/news/world-news-gb-nearly-55000-clients-request-tax-relief-for-working-from-home/?remotepost=420920

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