Working from home is a costly business - increased utility bills, stationery, more and more, and yet more, tea and biscuits. This announcement won't help with your grocery bill, but employees and employers will be pleased to know that, from 16 March 2020 to 5 April 2021, if an employer reimburses the employee for expenditure incurred on office equipment such as a large screen or a proper chair (which are used for business purposes) then there will not be a tax/NIC charge.
In a written statement to Parliament, the Treasury announces that, to support employees who are working from home as a result of the coronavirus (COVID-19) outbreak and need to purchase home office equipment, a temporary tax exemption and National Insurance (NIC) disregard will come into effect to ensure that such expenses, reimbursed by the employer, will not attract tax and NICs liabilities
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