I started a thread about putting down expenses for ltd of £26 pm for a director working from home - unfortunately, I’m new here and I posted it in the wrong place!
Technically the working from home allowance is based on the tax year but you can claim the whole year even if you worked like a week from home.
So just set up a journal for the year up to April 21 for the full amount and then you can do it again for the year ending April 22 at the start of the tax year if you wish.
Bare in mind that is only in relation to covid. Normal years you can’t claim the full year in one go.
To clarify - I’m claiming back the expense via a limited company - should this still be April-April or Acounting Period-Accounting Period? Forgive if I’m being dumb - this is very new to me!
EDIT: I spotted somewhere that you’d be inclined to do journal entries for travel expenses so I’ve done the too! I think it is much tidier doing it that way rather than going to purchase route suggest on QF support pages.
I also really appreciate how I can future date Journal entries! Something that really bugged me with purchases. I like to be organised!
Journals are really only meant for things that are not physical purchases of something. Like if your claiming milage allowance for example. Or bank charges.
Yes the working from hhome allowance is still based on the tax year regardless of business set up as far as I’m aware. So the same periods apply.