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Use Of Home increase to £4 pw

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    Use Of Home increase to £4 pw

    Not sure if this has already been posted, apologies if it has.

    From 2012-13 onwards, for payments of up to £4.00 per week, you don’t need to provide any records of the household expenses you’re covering. For amounts above £4.00 you need supporting evidence to show that your payment to the employee is no more than the additional household expenses they’ve incurred. The guideline rate for 2008-09 to 2011-12 was £3.00 per week...

    HM Revenue & Customs: Homeworking

    In other words £208/yr tax free from Your Co. no questions asked and no BiK.

    #2
    Apology accepted
    2012 CUK Reader Awards - '...Capital City Accountancy, all of whom were outside the top three yet still won compliments from CUK readers for their services' - well, its not an award, but we'll take it! - Best Accountant (for IT contractors) category
    2011 CUK Reader Awards - Top 3 - Best Accountant (for IT contractors) category
    || Check us out at: http://www.linkedin.com/company/capi...ccountancy-ltd

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      #3
      Arrgh!

      I blame the way posts get magically marked as read. Something to do with session cookies I think...

      Anyway, sorry about that.

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        #4
        Originally posted by Contreras View Post
        In other words £208/yr tax free from Your Co. no questions asked and no BiK.
        Parttyyyyyyyyyyyyyyyyyyyyyyyyy!!!!!!!!!!
        Contracting: more of the money, less of the sh1t

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