Sarah Hewson (EY) explains the extent of the tax exemptions on home working equipment.
The Covid-19 pandemic is hugely impacting the way people work with large numbers of employees now undertaking most if not all of their employment duties at home. As well as supporting the wellbeing of employees who are working (potentially for the first time) from home some employers have also been taking steps to ensure employees have suitable equipment to enable effective remote working. How and why that equipment is provided will influence whether or not a taxable benefit arises.
Provision of assets
Some employers have made/are considering making their own assets (e.g. desks chairs and IT equipment) available to employees required to work from home to enable them to better perform their duties of employment. ITEPA 2003 s 316 includes an exemption from tax in respect of the provision...
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Sarah Hewson (EY) explains the extent of the tax exemptions on home working equipment.
The Covid-19 pandemic is hugely impacting the way people work with large numbers of employees now undertaking most if not all of their employment duties at home. As well as supporting the wellbeing of employees who are working (potentially for the first time) from home some employers have also been taking steps to ensure employees have suitable equipment to enable effective remote working. How and why that equipment is provided will influence whether or not a taxable benefit arises.
Provision of assets
Some employers have made/are considering making their own assets (e.g. desks chairs and IT equipment) available to employees required to work from home to enable them to better perform their duties of employment. ITEPA 2003 s 316 includes an exemption from tax in respect of the provision...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
