Coronavirus or COVID-19 has changed business in many ways. While many companies have had to stop trading altogether, some workers have simply moved their workplace from the office to their private homes. If your employees are working from home, what expenses are taxable? In this short guide, we will examine topics like:
• Which employees are covered?
• Taxable and non-taxable expenses
• Understanding significant private use
• How to report to HMRC
• What about employees who aren’t working from home?
• Get more help with your small business taxes