tax refund for tools

cpickin

can anyone help me on this situation. i currently work in a garage and have to buy my own tools.i must spend hundreds of pounds on tools every year.i already claim the statuary allowance for my job which works out about a pound a week.i have heard i can claim the money back from hmrc. is this true and how do i do it.

suso

Complete a form P87 for the last tax year.

You can claim relief on the tax, on tools that you have been required to purchase for work.

If its your first claim then expect to have have to supply receipts and possibly proof of usage for the tools (if your a mechanic, don't try and claim for a lawn mower.)

cpickin

would this allow me to claim back the money in full

00ec25

you claim back the tax that you have paid on the money you spent on the tools
assuming you are a basic rate taxpayer, basically you will get back £20 for every £100 you spent

fengirl_2

There is a fixed rate expense allowance for mechanics. Search for fixed rate expense allowance at www.hmrc.gov.uk. You can claim this allowance for up to 6 yrs if you were doing that job all that time.
If you are replacing tools to the value of more than this allowance, you can claim tax relief for the difference on production of receipts. You need to ask HMRC for a payable order if claiming for past years, not a code change for this year.