Tax Glossary
Welcome to the our Tax Glossary. To help you interpret the jargon that you can come across in dealing with your tax, our team of experts have written a brief explanation for hundreds of technical terms. Click on a letter to show entries.
Holiday Lettings
See Furnished Holiday lettings.
See Furnished Holiday lettings.
Homeworker employee
Tax relief is available to cover reasonable additional household expenses where the duties carried out at home are central duties of the employment and it is a requirement of the duties that the work is carried out at home and nowhere else.
After 5th April 2003 payments made to an employee by the employer, for carrying out duties of employment at home, are exempt from income tax . Up to £2 pw (£3 pw after 5th April 2008) can be paid without the need to provide supporting evidence of the expenses incurred. For larger payments the employer must provide evidence that the payment qualifies
Tax relief is available to cover reasonable additional household expenses where the duties carried out at home are central duties of the employment and it is a requirement of the duties that the work is carried out at home and nowhere else.
After 5th April 2003 payments made to an employee by the employer, for carrying out duties of employment at home, are exempt from income tax . Up to £2 pw (£3 pw after 5th April 2008) can be paid without the need to provide supporting evidence of the expenses incurred. For larger payments the employer must provide evidence that the payment qualifies
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