{"id":2586,"date":"2022-11-29T16:40:02","date_gmt":"2022-11-29T16:40:02","guid":{"rendered":"https:\/\/blogs.kent.ac.uk\/finance-news\/?p=2586"},"modified":"2022-11-29T16:40:02","modified_gmt":"2022-11-29T16:40:02","slug":"tax-relief-for-costs-of-working-from-home-during-covid-19","status":"publish","type":"post","link":"https:\/\/blogs.kent.ac.uk\/finance-news\/2022\/11\/29\/tax-relief-for-costs-of-working-from-home-during-covid-19\/","title":{"rendered":"Tax Relief for Costs of Working from Home during COVID-19"},"content":{"rendered":"<p>There is still time for eligible staff to claim tax relief for additional costs associated with working from home during the Covid-19 pandemic.<\/p>\n<p>If it was necessary for you to work at home because of Covid-19 and, as a result, your household costs increased, you may be eligible to claim the <em>working from home tax relief<\/em>. It is quick, free and easy to claim via\u00a0HMRC\u2019s online portal.<\/p>\n<p>You can apply for the backdated tax relief if you had to work from home because of Covid-19 during the 2 tax years <strong>from<\/strong> <strong>6<sup>th<\/sup> April 2020 to 5<sup>th<\/sup> April 2022<\/strong>.\u00a0 HMRC \u00a0will accept backdated claims and has confirmed that <strong>5<sup>th<\/sup> \u00a0April 2025<\/strong>\u00a0as the deadline for making claims for the <strong>2020\/21 tax year<\/strong>, and <strong>until 5<sup>th<\/sup> April 2026<\/strong> for claims relating to <strong>2021\/22<\/strong>. Please note that:<\/p>\n<ul>\n<li>The tax relief for any period <strong>after 5 April 2022<\/strong> is not available unless you <strong>were <\/strong><strong>required<\/strong> to work from home because of Covid-19.<\/li>\n<li>Also the relief is <strong>not<\/strong> available if you are working from home as part of a hybrid-working scheme, as such it will not be available to most University employees after 5<sup>th<\/sup> April 2022.<\/li>\n<\/ul>\n<p>Eligible employees can claim tax relief based on their income tax rate. For example, if you normally pay 20% basic rate of tax and you claim tax relief on the standard \u2018Working from home\u2019 allowable cost of \u00a36 a week, you would receive \u00a31.20 a week in tax relief (20% of \u00a36 a week) towards the cost of your household bills. Higher rate taxpayer claimants would receive \u00a32.40 a week (40% of \u00a36 a week). Hence for each full year claimed for, basic rate taxpayers would achieve a tax saving of \u00a362.40, and for high rate taxpayers, a tax saving of \u00a3124.80. You will receive a lump sum payment for any successful backdated claims.<\/p>\n<p>To claim for tax relief for working from home because of Covid-19,\u00a0<a href=\"https:\/\/www.gov.uk\/tax-relief-for-employees\/working-at-home\">employees can apply directly<\/a>\u00a0via the GOV.UK portal.<\/p>\n<p><em>This communication is released in conjunction with the work of the Financial Wellbeing Group, whose broad aim is to help support University staff during the current cost of living crisis.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There is still time for eligible staff to claim tax relief for additional costs associated with working from home during the Covid-19 pandemic. If it &hellip; <a href=\"https:\/\/blogs.kent.ac.uk\/finance-news\/2022\/11\/29\/tax-relief-for-costs-of-working-from-home-during-covid-19\/\">Read&nbsp;more<\/a><\/p>\n","protected":false},"author":55180,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[137343,722],"tags":[],"_links":{"self":[{"href":"https:\/\/blogs.kent.ac.uk\/finance-news\/wp-json\/wp\/v2\/posts\/2586"}],"collection":[{"href":"https:\/\/blogs.kent.ac.uk\/finance-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.kent.ac.uk\/finance-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.kent.ac.uk\/finance-news\/wp-json\/wp\/v2\/users\/55180"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.kent.ac.uk\/finance-news\/wp-json\/wp\/v2\/comments?post=2586"}],"version-history":[{"count":3,"href":"https:\/\/blogs.kent.ac.uk\/finance-news\/wp-json\/wp\/v2\/posts\/2586\/revisions"}],"predecessor-version":[{"id":2600,"href":"https:\/\/blogs.kent.ac.uk\/finance-news\/wp-json\/wp\/v2\/posts\/2586\/revisions\/2600"}],"wp:attachment":[{"href":"https:\/\/blogs.kent.ac.uk\/finance-news\/wp-json\/wp\/v2\/media?parent=2586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.kent.ac.uk\/finance-news\/wp-json\/wp\/v2\/categories?post=2586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.kent.ac.uk\/finance-news\/wp-json\/wp\/v2\/tags?post=2586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}