Can I use my mechanic tax rebate to buy more tools, then claim again?
Congratulations on a successful mechanic tax rebate claim.
There are absolutely no restrictions on what you spend your tool tax rebate cheque on. You can certainly go out and invest in more tools to use at work. Just make sure you keep the receipts for your next mechanic tax rebate claim.
With a tax rebate, HMRC are simply giving you back the tax relief you are entitled to. There are no strings attached, requirements to spend the money on anything in particular, or blocks on spending the money on the same items. It’s a nice bit of cash in your bank account for you to spend as you please.
Your next mechanics tax rebate claim
All the tax reliefs and allowances rules apply within one tax year. At the end of that financial year, you can submit your mechanic tax rebate application. As soon as the next tax year begins, you need to start collecting the evidence you need to support your next mechanic tax rebate.
You can’t make the actual claim until the end of the tax year again, but you should be gathering what you need as you go. And it saves all the rummaging around for receipts in the spring. Your tool provider can always help as well by emailing you or printing off a transaction history.
Tool Tax Refund Calculator
Calculate your Mechanics tax rebate today
Use the tool tax refund calculator to find out how much you can reclaim. Just enter the total of how much you’ve spent on tools and the calculator will let you know how much you can claim.