The Covid-related relaxation to the rules on claiming expenses for working from home has now been abolished. What this means is that if your employees *can* work from home if they choose but you have not *required* them to work from home, they can no longer claim home office expenses (they should check their 2022-23 notice of coding).
There is a clear statement from HMRC that “You cannot claim tax relief if you choose to work from home” which you can find here and there is a “check your status” tool employees can complete for themselves here.
May is a busy month of deadlines which members are encouraged to factor into their planning.
- 19 May If you are not paying electronically, this is the deadline for PAYE/NICs/CIS/Student Loan for the month ended 5/5 and for CIS returns. These payments need to clear HMRC’s bank account by 22 May.
- 31 May deadline for employees to have received P60s from their employers.
- 31 May Companies House should have received 31/8/2021 private company accounts and 31/11/2021 accounts for plcs.
- 31 May CT self-assessment returns for companies with accounting periods to 31 May 2021.
This issue of Newsline, exclusively available to FIS members, also includes as update on when a non-construction business can be “deemed” to be within CIS, avoidance schemes and National Insurance Contributions. Read the latest issue here.