With more of us working from home than ever before, HMRC has reportedly seen the number of claims for home office expenses by employees significantly increase. But if home workers are not careful, they could be walking into a tax trap and hit with an unexpected bill later down the road.
As a nation of home workers suffer with bad backs from sitting at kitchen tables, many will be dreaming about how to improve their existing home office set up and estate agents might also expect a separate study to become part of their clients’ list of non-negotiables.
According to the latest ‘Opinions and Lifestyle Survey’ undertaken by the Office of National Statistics, the number of people working from home currently stands at 39% of all working adults, compared to 12% last year, with a third of us working solely from home at the moment.