P87 Form

P87 form is used to claim tax relief on work-related costs. It is primarily aimed at employees who incur expenditures directly relevant to their employment but are not repaid by their employer.

The P87 form is used by individuals who are employed and wish to claim tax relief on allowable work-related expenses. It is also applicable to self-employed individuals who incur expenses related to their self-employment.

The P87 form allows you to claim tax relief on various work-related expenses, such as business mileage, professional subscriptions, uniform and equipment costs, professional fees, and other allowable expenses directly related to your employment or self-employment.

Yes, anyone can claim tax relief using the P87 form. But there are certain requirements that need to be followed before you send the P87 form to HMRC. All the expenses which you did must be for your employment or sole trader business purposes only.

Download the P87 form from the HM Revenue and Customs (HMRC) website or you can request a copy of the P87 by contacting HMRC’s helpline number.

You may fill out the P87 form online and enter your personal details, job details, the tax year for which you are claiming the tax relief, and the charges you are claiming. Once you complete the form make sure you correctly enter the details in the form and attach all the supporting documents like receipts and any other certificate or any other document which you think is required.

Yes, you can submit multiple P87 forms for different tax years if you have eligible expenses to claim for those years. Each form should be completed separately for the corresponding tax year.

The P87 form has no set date for submission. It is, nevertheless, best to make your claim as soon as possible following the end of the tax year in which the expenditures were spent. It’s worth noting that you can’t claim tax breaks for costs spent more than four years ago.

After submitting the P87 form, HMRC will review your claim P87 form, documents and receipts submitted and determine if you are eligible for tax relief. If your claim is successful, HMRC will adjust your tax code or issue a tax refund to reflect the approved tax relief.

Yes, if your P87 form claim is rejected or not fully approved, you have the right to appeal the decision. You can contact HMRC’s helpline or seek guidance from a tax advisor to understand the reasons for the rejection and the steps you can take to appeal the decision.