Starting on the 14th of October 2024, HMRC introduced new evidence requirements for individuals wishing to claim employment expenses through the PAYE system ...
This could include receipts, invoices, or other documentation that clearly verifies the expenses incurred as part of their employment. By implementing this rigorous check, HMRC aims to streamline the claims procedure while simultaneously safeguarding public funds from misuse.
Furthermore, HMRC has initiated compliance projects targeting employment expenses reported via self-assessment tax returns. These projects will involve detailed checks of claims, and requesting additional evidence from taxpayers where necessary.
It would be prudent for individuals to keep accurate and organised records of all employment expenses incurred, as the onus of proof will rest squarely on them. This new landscape necessitates a shift in how claims are processed, emphasising the importance of diligence and foresight.
Taxpayers are urged to embrace this change and prepare adequately. By doing so, they can ensure they are well-positioned to secure the tax relief they are entitled to, without falling victim to the pitfalls of ineligible claims.
As HMRC's new requirements for employment expenses take hold, proactive engagement will be key to ensuring you maintain your eligibility for rightful relief.
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