We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
tax refund for tools
Options

cpickin
Posts: 4 Newbie
in Cutting tax
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.
0
Comments
-
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.)He's not an accountant - he's a charlatan0 -
would this allow me to claim back the money in full0
-
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 spent0 -
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.£705,000 raised by client groups in the past 18 mths :beer:0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards