{"id":5139,"date":"2020-06-18T18:29:08","date_gmt":"2020-06-18T18:29:08","guid":{"rendered":"https:\/\/www.paperstone.co.uk\/News\/?p=5139"},"modified":"2020-06-18T18:31:15","modified_gmt":"2020-06-18T18:31:15","slug":"tax-savings","status":"publish","type":"post","link":"https:\/\/www.paperstone.co.uk\/News\/articles\/tax-savings","title":{"rendered":"Tax savings on lockdown office supplies"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.gov.uk\/government\/publications\/income-tax-and-national-insurance-contributions-exemption-for-home-office-expenses\/income-tax-and-national-insurance-contributions-exemption-for-home-office-expenses\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"400\" src=\"https:\/\/www.paperstone.co.uk\/News\/wp-content\/uploads\/2020\/06\/accounting-analytics-balance-black-and-white-209224-600x400.jpg\" alt=\"\" class=\"wp-image-5142\" srcset=\"https:\/\/www.paperstone.co.uk\/News\/wp-content\/uploads\/2020\/06\/accounting-analytics-balance-black-and-white-209224-600x400.jpg 600w, https:\/\/www.paperstone.co.uk\/News\/wp-content\/uploads\/2020\/06\/accounting-analytics-balance-black-and-white-209224-300x200.jpg 300w, https:\/\/www.paperstone.co.uk\/News\/wp-content\/uploads\/2020\/06\/accounting-analytics-balance-black-and-white-209224-768x512.jpg 768w, https:\/\/www.paperstone.co.uk\/News\/wp-content\/uploads\/2020\/06\/accounting-analytics-balance-black-and-white-209224.jpg 1024w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><figcaption>Tax exemption for home-office expenses<\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">If your business has invested in equipment to help your team work from home &#8211; including laptops, desks, and office chairs &#8211; the spend is exempt from tax and national insurance contributions.<\/h3>\n\n\n\n<p>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!<\/p>\n\n\n\n<p>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 <a href=\"https:\/\/www.paperstone.co.uk\/office-furniture\/office-chairs\/operator-chairs\/l-4245\">chair<\/a> just doesn&#8217;t cut it, many have been investing in improving their homeworking areas.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>It covers anything your employees need to do their jobs from home eg <a href=\"https:\/\/www.paperstone.co.uk\/v\/Furniture\">office furniture<\/a>, internet access and computer equipment.<\/p>\n\n\n\n<p>Jesse Norman, financial secretary to the Treasury, said: \u201cfor 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\u201d. Find out more <a href=\"https:\/\/www.gov.uk\/government\/publications\/income-tax-and-national-insurance-contributions-exemption-for-home-office-expenses\/income-tax-and-national-insurance-contributions-exemption-for-home-office-expenses\">here<\/a>.<\/p>\n\n\n\n<p>If you need anything for your team working from home you can shop our range <a href=\"https:\/\/www.paperstone.co.uk\/home-working\">here<\/a> or to find your ideal chair try out our new <a href=\"https:\/\/www.paperstone.co.uk\/home-working\/office-chairs\">chair selector tool<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>If your business has invested in equipment to help your team work from home &#8211; including laptops, desks, and office chairs &#8211; 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-Uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tax savings on lockdown office supplies<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.paperstone.co.uk\/News\/articles\/tax-savings\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax savings on lockdown office supplies\" \/>\n<meta property=\"og:description\" content=\"If your business has invested in equipment to help your team work from home &#8211; including laptops, desks, and office chairs &#8211; 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. 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