Our experts at DSR Tax Claims know how hard it is to find good, quality information about HMRC’s tax regulations that is easy to understand, and that’s why we have created these handy guides to tell you everything you need to know. Our aim is to make life easier for our clients and that is why we want to share our expertise with you. You can also call our friendly team on 0330 122 9972 – we’re the tax experts you can trust.
Do you need to report office or workshop equipment and supplies?
If you are an employer and you provide equipment and supplies to your employees, whether for an office or a workshop, you might be wondering whether this counts as a taxable benefit which needs to be reported to HMRC. We’re pleased to tell you that this kind of information doesn’t need to be reported to HMRC and there is no extra PAYE tax or National Insurance to pay as long as the equipment or supplies provided are necessary for your employees to do their job.
Examples of the type of equipment or supplies that HMRC are referring to include accommodation costs for your office or workshop (living accommodation is not included in this exemption) and office or workshop furniture such as desks, computers, workbenches or tools. It also includes supplies such as stationery and telephone or internet connections.
These rules don’t apply to employees who work from their own homes – you need to refer to the section on Homeworking to see how to treat those costs.
If the cost of providing this equipment or supplies forms part of a salary sacrifice arrangement, it isn’t classed as exempt and will need to be reported to HMRC on your P11D. If the amount of salary given up is higher than the cost of the equipment and supplies provided, you need to report the salary amount on the P11D instead. This only applies to salary sacrifice arrangements made after 6th April 2017.
How can DSR Tax Claims help?
We aim to make life as simple as possible for our clients and that includes giving you the information you need to make your taxes (and your life) simpler and less stressful. Our team of experts at DSR Tax can make sure you don’t fall foul of their regulations, while claiming your maximum tax relief. We can even take care of all that paperwork and deal with HMRC on your behalf too. Call our friendly team on 0330 122 9972 – we’re the tax experts you can trust.