P87 form - what to claim

borderline

Hello,
I've never heard of the P87 until  Martin talked about it. I've been working from home since March. I had to buy a computer monitor to be able to work . Can I claim back some taxes on the monitor and electricity? I have the receipt for the monitor but how about the electricity ? Mine goes on a top up key and it's not cheap.
When could I claim? we still don't know when we can get back if the office. 
Normally I wouldn't bother with it but my salary is 20% down and every penny counts

csgohan4

https://www.gov.uk/guidance/claim-income-tax-relief-for-your-employment-expenses-p87#info

Has limit to claiming which is 2.5k. 

you can only claim back on expenses that solely used for work only

Jeremy535897

Firstly, you have to be required to work from home. I assume that is the case?

You can claim £6 a week without receipts, or you can claim for specific expenses. You can claim any extra electricity used, for example, although it might be a challenge to work out what that is, and you will need to keep records of how you calculate the claim (for example an increase over last year beyond any price rise). If you need a computer monitor for work, you can claim for that, although as noted above, you would need to fill in a tax return to claim for equipment that cost over £2,500. If there is any private use of the monitor, you can only claim the business proportion, and it the purchase has to be wholly, exclusively and necessarily for your job (although private usage does not stop a claim), not just nice to have.

borderline

Jeremy535897 said:

Firstly, you have to be required to work from home. I assume that is the case?

You can claim £6 a week without receipts, or you can claim for specific expenses. You can claim any extra electricity used, for example, although it might be a challenge to work out what that is, and you will need to keep records of how you calculate the claim (for example an increase over last year beyond any price rise). If you need a computer monitor for work, you can claim for that, although as noted above, you would need to fill in a tax return to claim for equipment that cost over £2,500. If there is any private use of the monitor, you can only claim the business proportion, and it the purchase has to be wholly, exclusively and necessarily for your job (although private usage does not stop a claim), not just nice to have.

yes, our office is closed and we all working from home.

should I wait until we get back in the office to claim? , it could be sometime after September .
My monitor only cost £100, you said over £2500 equipment , that means I can't claim ?
For the electricity , since I'm on a pre-paid meter, I've noticed I need to top up sooner than before , I can more or less guess

Jeremy535897

Keep the workings out for your estimate of electricity. You misunderstand the £2,500 limit. You can claim the cost of equipment up to £2,500 on a P87. More than that requires a tax return.