You can claim £125 tax relief if you worked from home for just one day this year
The coronavirus pandemic has raged on since the beginning of the year and many Brits have been working from home for over seven months.
While some prefer the lack of a commute others may find that they are spending more on heating, electricity and supplies than they did before.
If you’re finding yourself trickily out of pocket, then it may be helpful to know that you can claim up to £125 in tax relief if you’ve worked from home.
Have you worked from home this year? Let us know if you love or loathe it in the comments…
Martin Lewis, founder of Money Saving Expert, discovered a loophole which meant you can claim the money even if you’ve only worked from home for one day.
The GOV.UK website states: "You may be able to claim tax relief for additional household costs if you have to work at home on a regular basis, either for all or part of the week.”
The financial expert contacted HMRC to discover exactly what this means.
Martin confirmed that the term “regularly” could even apply if you’ve only worked one day out of the office.
HMRC said that employees can claim tax relief based on the rate of tax pay – that’s £62 a year for basic rate payers and £124 for those in the higher tax bracket.
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You cannot claim the cash if you’ve chosen to work from home by choice.
The money is supposed to be used towards the cost of heating, contents insurance, business calls, metered water bills or broadband which has increased due to WFH.
It doesn’t cover things like council tax or rent which you would have to pay anyway.
HMRC has made it super easy to claim the cash by launching an online portal at the beginning of this month.
You won’t get the money as a cheque however, your tax code for 2020/2021 will be altered so that you pay slightly less tax on paydays.
Still, it’s worth it in the long run…
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