Employees may be able to claim tax relief if they are working from home for their Employer. From April 2020 you may claim £6 per week (£312 per year) without having to keep any records. Please check if you can claim at www.hmrc.gov.uk and search “claim tax relief for your job expenses” – Remember you cannot claim if you are self employed or a company director and we are already claiming “Use of Home” expenditure in your accounts.
The latest news from PMC Partnership incorporating Pomfreys Accountants – 1st October
If are a non tax payer earning below £12,570 you can earn up to £5,000 tax free of interest. If you are a basic rate tax payer earning over £12,570 up to £50,000 you can earn up to £1,000 of interest tax free.