Work From Home Expenses - What Can You Claim?

  Рет қаралды 7,092

GoSimpleTax

GoSimpleTax

Күн бұрын

Пікірлер: 33
@whatanabsolutejoke
@whatanabsolutejoke 7 ай бұрын
My accountant says she has queried this with HMRC and you can only claim via the simplified method/ flat rate £6 per week ie £26 pcm as you mention week but if you work from home in a residential property, you can only claim via that simplified method. So which one is it? Gov.UK also say you can claim a percentage as you mention. £6 a week is pisstake when i have dedicated office room & i use atleast 3 sometimes 5 days per week up to 12 hours a day. Especially when rent & utilities are through the roof!
@gosimpletax
@gosimpletax Ай бұрын
Rules changed after covid to make it harder to claim for working from home in employment. More information can be found here: www.gov.uk/tax-relief-for-employees/working-at-home. For self-employed people, you can claim the simplified method or actual method using our calculator. - LR
@sarahmcareavey9130
@sarahmcareavey9130 8 ай бұрын
This is so helpful and makes it really logical, however on you form it's missed off spaces to enter metered water and broadband, so I created my own version on a spreadsheet of your form.
@haashimj778
@haashimj778 8 ай бұрын
Hi, would I Please be able to see this? Many thanks
@renebarrow.virtualreality
@renebarrow.virtualreality 7 ай бұрын
@@haashimj778 You can create your own. List the bills like it shows in the calculator, and include your own for broadband and metered water. 1. Assuming your total expenditure is £10,000 a year, your house has 4 rooms and 1 is being used as a home office, you would divide £10,000 / 4 = £2500. 2. Assuming the total number of hours you use the room is 200 hours, you would then get the cost per hour £2500/200 = £12.50 per hour. 3. Assuming the number of hours you use the room for work is 150, you would then multiply the hourly rate £12.50 * 150 = £1875 estimated allowable costs.
@hmcvm
@hmcvm Ай бұрын
Amazingly helpful - thank you!
@gosimpletax
@gosimpletax Ай бұрын
Glad we're able to help! - AG
@julieannewalker
@julieannewalker 11 ай бұрын
Thank you for this video and calculator - very helpful.
@jonathanplatt6559
@jonathanplatt6559 9 ай бұрын
What if I am self-employed but spend most of my time working in public spaces out of choice (e.g. public library, coffee shops, co-working spaces)? Should I try to estimate how much of the time I was actually at home while working, or is it safe just to calculate my expenses as if all my work was completed at home?
@lukecoe1
@lukecoe1 Ай бұрын
When using the calculator what about the broadband / water bill? How much of that can you claim? Also, does this need to be submitted somewhere specific on the self assesment or just added into expenses when the calculation is made?
@gosimpletax
@gosimpletax 20 күн бұрын
You’d apportion it so the figure only reflects the amount used solely for business purposes only. If you don’t know the exact figures, please use an educated guess. -LR
@deniseconnelly9269
@deniseconnelly9269 10 ай бұрын
Do you include bathroom/kitchen in your "number of rooms" or is it just bedrooms and living rooms that count?
@gatekeeperboxing5898
@gatekeeperboxing5898 Ай бұрын
It would normally not include Bathrooms/Kitchens as far as I know.
@lauravidgen4520
@lauravidgen4520 11 ай бұрын
Really helpful thank you
@Steve_W27
@Steve_W27 Жыл бұрын
Really useful 👍
@Flat-Five
@Flat-Five 3 ай бұрын
Hi, when you are adding up rooms in your home, are you including utility, dining room, bathroom etc or just bedrooms? Thanks
@gatekeeperboxing5898
@gatekeeperboxing5898 Ай бұрын
As far as I know it is all rooms minus the kitchen & bathrooms and probably any utility rooms.
@gosimpletax
@gosimpletax Ай бұрын
You include all rooms excluding halls, bathrooms and toilets. I hope this helps - AG
@Natalie-earth
@Natalie-earth 8 ай бұрын
@gosimpletax Using your suggested splitting of time between personal use of a room and business use, how would you go about splitting a bedroom also used as an office space. Is 24 hours equals to 100% time? Also, for a rented home how important is it to calculate the amount of time used exclusively for work in the room used for split purpose?
@gosimpletax
@gosimpletax Ай бұрын
However many hours you use your bedroom for business use, calculate this as a percentage of the total hours in a day and use that figure. Examples can be found at www.gov.uk/hmrc-internal-manuals/business-income-manual/bim47825
@rosssilcott5439
@rosssilcott5439 9 ай бұрын
Does this work for PAYE employees who work from home?
@DJboylive
@DJboylive 9 ай бұрын
How much percentage could be claimed if one bed flat and for work used just section of living room?
@gosimpletax
@gosimpletax 9 ай бұрын
Check out our calculator - www.gosimpletax.com/work-from-home-allowance-calculator/
@sam28407
@sam28407 7 ай бұрын
the same question
@OneAndOnlyMe
@OneAndOnlyMe 4 ай бұрын
Can employees (non self-employed) claim any expenses?
@gosimpletax
@gosimpletax Ай бұрын
This article should help answer your question - www.gov.uk/tax-relief-for-employees - LR
@andrewteversham3956
@andrewteversham3956 10 ай бұрын
HMRC Employment Income Manual EIM32820 states that for 2006/07 onwards, the following are not deductable: Council Tax, Rent, Mortgage Interest, Water Rates, Insurance.
@andrewteversham3956
@andrewteversham3956 10 ай бұрын
www.gov.uk/hmrc-internal-manuals/employment-income-manual/eim32820
@yeunghelen
@yeunghelen 9 ай бұрын
It refer to : When an employee's home is a workplace
@lyndabennett1ify
@lyndabennett1ify 10 ай бұрын
What about service charges on a flat?
@gosimpletax
@gosimpletax Ай бұрын
You may be able to claim a portion as a business expense. I’d recommend that you consult an accountant or HMRC for definitive guidance.
@olvaandes3230
@olvaandes3230 Жыл бұрын
'promo sm'
@theone-nm2xu
@theone-nm2xu 9 ай бұрын
Zero in fact pay more tax that should get you out of your home to support the economy
20 Allowable Expenses Landlords Can Claim On Their Self Assessment
10:36
Creative Justice at the Checkout: Bananas and Eggs Showdown #shorts
00:18
Fabiosa Best Lifehacks
Рет қаралды 16 МЛН
Кто круче, как думаешь?
00:44
МЯТНАЯ ФАНТА
Рет қаралды 6 МЛН
СКОЛЬКО ПАЛЬЦЕВ ТУТ?
00:16
Masomka
Рет қаралды 3,6 МЛН
Don't underestimate anyone
00:47
奇軒Tricking
Рет қаралды 23 МЛН
BEING SELF EMPLOYED AND EMPLOYED AT THE SAME TIME
9:01
Heelan Associates
Рет қаралды 102 М.
How To Deduct Automobile Expenses
24:52
RealEstateTaxTips
Рет қаралды 19 М.
Working from home? 7 expenses you should be claiming
10:53
1st Formations
Рет қаралды 13 М.
Declaring Foreign Income Using The Remittance Basis
20:23
GoSimpleTax
Рет қаралды 4,9 М.
SELF-EMPLOYED EXPENSE BASICS - WHAT CAN YOU CLAIM?
9:55
Heelan Associates
Рет қаралды 129 М.
How To Report A Capital Gain On Residential Property
16:10
GoSimpleTax
Рет қаралды 1,6 М.
12 Self Assessment expenses you didn’t know you could claim
17:08
1st Formations
Рет қаралды 68 М.
How will my UK Side Hustle get taxed?
12:50
Tax2u Limited
Рет қаралды 15 М.
Creative Justice at the Checkout: Bananas and Eggs Showdown #shorts
00:18
Fabiosa Best Lifehacks
Рет қаралды 16 МЛН