Working from home ... tax implications?

foolishboy

Hi all,

When my company relocated to London 4 years ago I made an agreement to work from home 4 days a week. I was reading an article saying that people who work from home might be liable for some tax breaks to cover the extra cost of heating/electricity etc..

Anyone got a link, or some experience, to tell me if this is true and if so what I might be able to claw back some tax on and how I'd go about doing it?

Thanks in advance!!
FB

foolishboy

foolishboy wrote: »

Hi all,

When my company relocated to London 4 years ago I made an agreement to work from home 4 days a week. I was reading an article saying that people who work from home might be liable for some tax breaks to cover the extra cost of heating/electricity etc..

Anyone got a link, or some experience, to tell me if this is true and if so what I might be able to claw back some tax on and how I'd go about doing it?

Thanks in advance!!
FB

Just found this:

http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/BeginnersGuideToTax/IncomeTax/Taxallowancesandreliefs/DG_078386

..I'm confused. I don't 'have' to work from home, I could commute into London but it'd take me nearly 3 hours a day, but to keep my job I made the wfh arrangement. The way the link reads is that if I negotiated it, hard cheese, but in this instance it was to do this or quit my job so I really didn't have a lot of choice in the matter. Although I suppose I could've chosen the commute, but who in their right mind would do that?

Sounds like I might be snookered on this idea, but still nice to know peoples experiences.

Cheers!
FB

PlutoinCapricorn

Yes, if you are an employee your contract of employment must state that your place of work is your home address if you want to claim the £3 per week. Being self employed is another matter.

However, think about how much you are saving on fares.

foolishboy

PlutoinCapricorn wrote: »

Yes, if you are an employee your contract of employment must state that your place of work is your home address if you want to claim the £3 per week. Being self employed is another matter.

However, think about how much you are saving on fares.

Thought as much. Completely with you on the fares, they'd be a bomb, but due to recent tax increase I'm looking for ways to offset it - every pound counts!

Cheers,
FB