Example for claiming tax relief for working at home expenses The example below outlines the approach for employees claiming relief for allowable e-working expenses (i.e. expenses that are incurred wholly, exclusively and necessarily in the performance of the duties of their employment) Example: John works 180 days in total during the year, and 90 of…
What bicycles and equipment are included in bike to work scheme? New bicycles and pedelecs (electrically assisted bicycles which require some effort from the cyclist). The scheme does not cover: motorbikes, scooters or mopeds second-hand bicycles or equipment bicycle parts or associated equipment. The following new safety equipment, if purchased with the bicycle, are also…
Example below of tax savings for a sole trader in first year for buying a new approved electric vehicle versus a fossil fuel vehicle. Who’s Not Eligible? Motor distributors Motor Dealers Car Hire Company’s Vehicles are classed as stock in trade & not eligible for ACA EV’s must be owned by the business Lease &…
