Buying tools for your work is very common, and is necessary for many trades people and professionals. It is something you have to do to be able to perform your work duties, and in many cases no reimbursement is made by your employer.
Who Can Claim A Tool Tax Rebate?
Any employed person who buys tools for work can be eligible to make a claim for a tool tax rebate. It doesn’t matter what type of job you have.
As long as you meet the cost yourself, and you are not fully reimbursed by your employer you can normally make a tool tax rebate claim.
How Much Tool Tax Relief Can I Claim?
You can typically claim back tax relief of between 15-20% on the total cost of your tools.
How Do I Make A Tool Tax Rebate Claim?
You can make a claim on a P87 form or by completing a self assessment tax return. You can use our free tool tax rebate guide to find out when and how to make your claim online or by post.
What Is A Tool Tax Rebate?
A tool tax rebate is a refund of tax to help cover the cost of having to buy tools for work use. HMRC allows tax relief to be claimed back on the cost of tools in the form of a tool tax allowance.
The tools tax allowance can be claimed for all allowable tool purchases, and can be back dated in some cases for as long as you can provide proof of purchase.
I already get a tool allowance in my tax code can I still claim?
If you already receive the flat rate allowance for your industry in your tax code a claim can still be made for the cost of your tools. In almost all cases making a claim in this way will mean you get a far higher tool tax rebate.
What Else Can I Claim A Tax Rebate For?
In addition to your tool tax refund you can also claim back tax relief for:
- Laundering a works uniform or protective clothing
- Travel costs to temporary workplaces like using your own car or public transport
- Professional fees into a lot but not all professional bodies and some unions
