United Kingdom Tax Agency Announces Exemption for Work From Home Expenses Due to Coronavirus

Oct. 16, 2020, 5:00 AM

The United Kingdom HM Revenue and Customs Oct. 13 announced tax exemptions for reimbursements for work from home expenses due to the coronavirus pandemic. The announcement includes: 1) a threshold of 6 British pounds (US$7.82) per week for eligible expenses without proof, effective April 6; 2) evidence requirements if expenses exceed 6 pounds; 3) exemptions based on the employee’s tax rate; 4) expenses eligible for the exemption; 5) an online portal to facilitate the claim procedure, effective Oct. 1; and 6) an option to claim exemptions as a lump sum payment, effective for the 2020-21 tax year. [United Kingdom, Government ...

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