What can you claim tax relief on?
Here are some common situations in which employees may be entitled to a tax refund:
- Job-related expenses: If you incur expenses as part of your job that are not reimbursed by your employer, you may be eligible for a tax refund. This could include costs for using your own vehicle for work, purchasing work-related equipment, or paying for professional subscriptions.
- Laundry and Tool Allowance: HMRC offer a set allowance dependent upon your job role for laundry and tool maintenance.
- Travel expenses: If you travel to what HMRC regard as temporary worksites, and you cover the costs yourself, you may be eligible for a tax refund on those expenses. This could include mileage, public transportation costs, and accommodation expenses.
- Meal Allowance: HMRC have set limits for food and drink related expenses whilst out travelling and working on temporary worksites. The allowance limit is determined by the amount of time you spend out of your home. The allowance currently ranges from £5 to £25.
- Working from home: If you are required to work from home and your employer does not provide reimbursement for related expenses (such as utility bills), you may be entitled to claim tax relief.
- Professional fees and subscriptions: Employees who are required to pay professional fees or subscriptions as a condition of their employment may be eligible for tax relief on these expenses.
- Tools and equipment: Some employees are required to provide their own tools and equipment for work. If your employer does not reimburse you for these costs, you may be eligible for a tax refund.
It’s important to note that the specific rules and eligibility criteria can vary, and changes to tax regulations may occur. To ensure accuracy and eligibility, individuals seeking a tax refund should seek advice from a tax professional, such as Go Tax Refunds. Additionally, keeping detailed records of expenses and receipts is crucial when making a claim. HMRC provides online tools and resources to assist individuals in determining their eligibility for various tax reliefs and refunds.