Tax relief for new tools

rh107

Hi,

Last year I found out I could claim back tax for the purchase of new tools but I decided to wait until now(or after April) until I had my p60 as I needed my employers PAYE number. I can't find the link to where I can claim now though, can anyone help me out?

gov.uk/tax-relief-for-employees/uniforms-work-clothing-and-tools this is all I can find but it states I can only claim to replace tools but not for new tools.

Thanks

sheramber

Where did you find out you could claim for new tools?

calcotti

sheramber wrote: »

Where did you find out you could claim for new tools?

That’s the problem, the OP can’t now find it. https://www.gov.uk/tax-relief-for-employees/uniforms-work-clothing-and-tools Specifically says that you cannot claim relief for the initial cost of tools or uniform but can claim for repairing or replacing tools or uniform.

LilElvis

You would need to claim the tax relief by completing a self assessment - in other words, a tax return. You have until 31 January 2020 to file your return for the year ending 5th April 2019.

You won't get the amount back that you paid for the tools, but the tax on that amount. So if you are a basic rate taxpayer and spent £60 on tools you would receive £12 back.

Dazed_and_confused

There is no need to complete a Self Assessment return just to claim expenses unless the expenses are more than £2,500.

Which we don't know as the op hasn't mentioned any figures.

And the eligibility for this particular claim is in question anyway.

tacpot12

It seems to depend on whether the OP is buying 'new' tools to replace existing tools that have worn out or broken, or a completely new tool that they have never had before.

Any accountant many be able to confirm if tools that you have never had before can ever be deductable, or suggestion some other route that might help.

sheramber

Check if you are in a trade which has a flat rate expense allowance

https://www.gov.uk/tax-relief-for-employees/uniforms-work-clothing-and-tools