Paperstone – Office life, work and fun

Tax savings on lockdown office supplies

By Paperstone on June 18, 2020 in Uncategorized
Tax exemption for home-office expenses

If your business has invested in equipment to help your team work from home – including laptops, desks, and office chairs – the spend is exempt from tax and national insurance contributions.

Lots of businesses have had their typically office-based teams working from home since lockdown began on 23 March 2020. Wow, that feels like a lifetime ago!

After the first couple of weeks, many of us realised we were in for a marathon, not a sprint. And since then, after accepting the dining chair just doesn’t cut it, many have been investing in improving their homeworking areas.

The Treasury has announced a tax and NICS exemption which came into effect on 11 June 2020 and runs until the end of the tax year 2020-21.

It covers anything your employees need to do their jobs from home eg office furniture, internet access and computer equipment.

Jesse Norman, financial secretary to the Treasury, said: “for expenditure to be eligible for the tax relief it must have been obtained for the sole purpose of enabling the employee to work from home as a result of the coronavirus outbreak”. Find out more here.

If you need anything for your team working from home you can shop our range here or to find your ideal chair try out our new chair selector tool.


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