According to statistics 2 in 3 employees who wear a uniform at work are entitled to a tax rebate. However, thousands of people are unaware of this fact and are losing out. The good news though is that you may be able to claim back for the past four years.
To be able to claim tax relief, ALL of the following must apply:
The amount you're able to claim tax relief on depends on your industry. The standard flat rate expense allowance (FREA) for uniform maintenance is £60 (for 2015/16) – so basic-rate taxpayers can claim £12 back (20% of £60), and higher-rate payers £24 (40% of £60). The £60 is a flat rate, so you don't need to record and report the individual amounts you spend.
Simply inform the tax office and once you've registered, your tax code will change, so you'll be taxed less in the future. However, if your employer has paid back your expenses, you can't claim tax relief.
For all your uniform needs look no further than ACE Embroidery, after all the most important brand is yours!
Posted by Mathew Smart on 10-Feb-2016