Employees have far fewer expenses and costs that can reduce their tax bill than do the self employed. However, there are a few items listed below which are tax deductible if incurred by the employee (every little helps!):
- travel and subsistence (lunch etc) to a temporary work place
- protective clothing or uniforms
- industry specific flat rate expenses (e.g. laundry costs)
- subscriptions to professional bodies
- work related training
- capital allowances on equipment necessary for employment
- employee’s indemnity insurance
- entertaining costs
- costs of working from home (in certain circumstances)
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Anyone know,
What entertaining costs are allowed.
What work related training costs are allowed.
A link to the applicable setions of the taxes acts etc would be useful to read up on the legislation.
Thanks
The golden rule is the cost must be incurred wholly, exc.usively and necessarily for the purposes of the job. So, if you have to entertain customers, suppliers etc by taking them out to lunch every now and again you can claim this back (don’t expect the employer to get a tax deduction if they reimbusre the cost though).
Again, if you need to keep some technical knowledge up to date for the purposes of your employment you can claim for this type of training..
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