If an application is approved, then the online portal will adjust the individual’s tax code for tax year 2020-21. This means that the employee will then receive the tax relief directly on their salary and will continue to receive the adjustment until March 2021.
The Interim Director General of Customer Services at HMRC, Karl Khan, commented:
“We want everyone to get the money that they are entitled to, so we’ve made the online service as easy to use as we can – it takes just a few minutes to make a claim.”
Employed workers, for example, healthcare workers and care home staff are also being reminded that they also have the option of claiming tax relief on work-related expenses, including cleaning their work uniforms.
Any employees who clean, replace or repair either uniform or tools, or pay fees and subscriptions for work, can check to see if they are eligible for tax relief on work expenses, and get an instant decision, by applying online directly to HMRC.
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HMRC webinars: business expenses 19 October 2020
HMRC is hosting several webinars on a range of different business expenses to help self-employed individuals to ensure that they are recording those expenses correctly.
The webinars will provide facts on which expenses can be claimed, and how they should then be added onto Self- Assessment tax returns.
On each webinar, there will be the opportunity to raise any questions within the on-screen tax box.
Capital Allowances for the self-employed
This webinar is aimed at individuals who use traditional accounting and will instruct how to claim for longer-life items purchased for businesses, for example, vans, machinery and computers.
Sign up for this webinar here.
Car expenses for the self-employed
This webinar examines the two main methods of claiming car expenses, and also provides examples of how they are calculated. Hire and lease cars are also discussed.
Register for the webinar here.
Business expenses for the self-employed
This will be a run through of the most frequently used expenses, and will demonstrate how they are calculated correctly for the purposes of Self-Assessment tax returns.
Sign up for the webinar here.
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New Quick Poll: The homeworking allowance 21 October 2020
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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