We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Covid working from home on Self Assessment
NoCluedo
Posts: 2 Newbie
in Cutting tax
I am still clueless after talking to HMRC about my working from home entitlement.
I am a teacher and higher tax payer. I complete self assessment. I am not able to use the mini site for the covid working from home. I thought I was entitled to £125 but I get to the page about employer expenses and to calculate myself how many weeks I worked from home. Adviser told me that it is a common misconception that people get the full amount of £125 as it is just a % of that. This contradicts everything I have read and heard about, especially on MSE.
Who can guide me exactly where to go and what amount to put in for 2020-2021? Also, the claim for March 2020 when my school first closed. I have been working solid days often straight from 7:30am to 11:59pm with the odd break on the couch - my wife would love me to replace the sagged section of that couch as it wasn't designed as a 'home office' Just a % of £125 won't get that far! :-)
I am a teacher and higher tax payer. I complete self assessment. I am not able to use the mini site for the covid working from home. I thought I was entitled to £125 but I get to the page about employer expenses and to calculate myself how many weeks I worked from home. Adviser told me that it is a common misconception that people get the full amount of £125 as it is just a % of that. This contradicts everything I have read and heard about, especially on MSE.
Who can guide me exactly where to go and what amount to put in for 2020-2021? Also, the claim for March 2020 when my school first closed. I have been working solid days often straight from 7:30am to 11:59pm with the odd break on the couch - my wife would love me to replace the sagged section of that couch as it wasn't designed as a 'home office' Just a % of £125 won't get that far! :-)
0
Comments
-
The claim is £6 per week or £312. As a 40% taxpayer your tax would reduce by 40% of that - £124.80.In the employment section answer ‘yes’ to the ‘Do you want to claim any expenses against this employment?’ question and put 312 in the ‘Other expenses and Capital Allowances box’.0
-
If you were WFH due to Covid-19 then you can claim expenses of £312 (£6 x 52). These go on the employment page (make sure you tailor the return correctly).
The tax saving depends on your personal circumstances. Most likely it will be £124.80.
To check your tax saving you should complete (but don't submit to HMRC) your return without the expenses. Check the calculation and note the tax owed/overpaid.
Then add the expenses and check the revised calculation and note the difference. That is the personal tax saving for you.
If you have filed an incorrect return for 2019:20 then you have a few days still to submit an amended return. The tax saving is likely to be < £5 for that year.1 -
I expected HMRC to tell me that but they didn't. You have been very helpful. Thanks.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.2K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.8K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards