Originally posted by malvolio
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Is use of home office a BIK?
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Originally posted by d000hg View PostI got my 18/19 tax code and it has changed from 1616L to 1125L X (not sure why the big change). I was curious that they have taken my personal allowance of £11850 and reduced it but £600 for benefits in kind. Checking my last P11d it does list £600 under "expenses-other".
The lack of expenses I have and the number being exactly the same as the £50 MyCo pays for use of full-time home office makes me assume that's the culprit but to my recollection this isn't a BIK - otherwise there would be no point doing it?
I don't recall seeing this before or asking about it before so can someone tell me if my mind is likely playing tricks on me, if the rules have changed, or if this is likely a mistake?
For those who may query £50/month, I have been doing this for about the last ten years so without getting into a debate on the matter, it hasn't changed which seems pertinent.
I'm fairly sure my P11D questionnaire always ends up listing zero - this was via the InTouch system - but I hadn't spotted the figure on the official filed paperwork from a couple of weeks away which I should've checked more carefully.
As to "why now", exemptions replaced dispensations on 6 April 2016 and I believe you now need an exemption from HMRC for something other than £18 per month or £4 per week. You don't have it, so...Leave a comment:
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Fair enough, other than we don't know the OP's status...
Personally I've never bothered: if £216 a year is significant I'm in the wrong gameLeave a comment:
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Originally posted by mudskipper View PostThis is news to me - AIUI the standard 'rate' is £4 a week, or calculating proportions based on bills and use.
Following the links from that article, the HMRC pages talk about self employed/sole traders, not ltdCo.
https://www.gov.uk/simpler-income-ta...king-from-homeLeave a comment:
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Originally posted by malvolio View PostThe acceptable level for use of a home office not to be a BIK is £10 month for up to 50 hours work a month from home, up to £26 a month for over 100 hours, and has been for a long time. The fact you've been claiming a lot more for ten years doesn't mean you're right, only that HMRC have just noticed it.
There are other variations - a nice summary is over here.
Following the links from that article, the HMRC pages talk about self employed/sole traders, not ltdCo.
https://www.gov.uk/simpler-income-ta...king-from-homeLeave a comment:
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The acceptable level for use of a home office not to be a BIK is £10 month for up to 50 hours work a month from home, up to £26 a month for over 100 hours, and has been for a long time. The fact you've been claiming a lot more for ten years doesn't mean you're right, only that HMRC have just noticed it.
There are other variations - a nice summary is over here.Leave a comment:
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Is use of home office a BIK?
I got my 18/19 tax code and it has changed from 1616L to 1125L X (not sure why the big change). I was curious that they have taken my personal allowance of £11850 and reduced it but £600 for benefits in kind. Checking my last P11d it does list £600 under "expenses-other".
The lack of expenses I have and the number being exactly the same as the £50 MyCo pays for use of full-time home office makes me assume that's the culprit but to my recollection this isn't a BIK - otherwise there would be no point doing it?
I don't recall seeing this before or asking about it before so can someone tell me if my mind is likely playing tricks on me, if the rules have changed, or if this is likely a mistake?
For those who may query £50/month, I have been doing this for about the last ten years so without getting into a debate on the matter, it hasn't changed which seems pertinent.
I'm fairly sure my P11D questionnaire always ends up listing zero - this was via the InTouch system - but I hadn't spotted the figure on the official filed paperwork from a couple of weeks away which I should've checked more carefully.
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