The Government announced on 7 February 2022 that they will ensure COVID-19 tests ARE tax deductible for individuals and businesses when they are purchased for work-related purposes.
This will see the costs of purchasing a rapid antigen (RAT) test tax deductible for individuals that are required by their employer to test before being allowed to go to or return to work.
For businesses that purchase RAT tests and supply the tests to their employees to tests prior to arriving or returning to work, the costs associated will now be treated as a business expense.
This measure is not yet law. In the interim, if you have incurred expenses for COVID-19 tests, you should keep a record of those expenses.
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