Tool Tax Refund Calculator

It doesn’t matter if you’re a Mechanic, Joiner, or Hairdresser if you buy tools for work you can claim a tax refund.

Use the tool tax refund calculator to find out how much you can reclaim. Just enter the total of how much you’ve spent on tools and the calculator will let you know how much you can claim.

Tax Rebate Calculator
How much could I claim? »

How the tool tax refund calculator works

Normally a tool tax refund is secured by making a claim for capital allowances. The amount of tax relief from a capital allowances claim is generally worth 18% of the total value of your tools.

So if you bought £10,000 worth of tools a tool tax refund worth £1800 could be claimed back.

Other factors like how much tax you have paid can affect how much you are owed.

Trades and professions we have helped

The list is long but here are just some of the different types of professions we have assisted:

  • Mechanics for tools and tool boxes (this includes tool boxes bought on finance)
  • Joiners for all tools
  • Electricians for all tools
  • Chefs for knives
  • Hairdressers for equipment like scissors

Many trades people have to keep buying tools on a regular basis meaning a claim can be made each tax year.

Tax refund on your finance agreements

If you spread the cost of your tools by using a finance agreement with a tool provider we are very successful in securing a tax rebate on the interest part of your finance payments. For example if you’re a mechanic who’s bought a tool box from MAC or Snap on all we need is the finance agreement from your tool provider to reclaim the relief you are due.

IMI tax relief

If you pay for your own membership into the Institute of the Motor Industry you will be eligible for tax relief on the membership fee.

Tool tax refund FAQ’s

Do I need my receipts? To make a tool tax refund claim for tools you will need proof of purchase. This can be in the form of an activity report from your tool provider or an individual receipt.

Do I have to be self employed? No you don’t need to be self employed to qualify. Employed people are entitled to claim tax relief on tools bought for work and it doesn’t matter if you have had different employers.

How far back can I claim? A claim can be made for the last four tax years but receipts can often still be used for as far back as you can provide them for, as long as the item is still in use and you are claiming capital allowances.

How long does a claim take? A claim for tax back on tools typically takes up to 12 weeks to complete due to tax office timescales. We track each tool claim to ensure the quickest possible conclusion for you.

What if I don’t have receipts? You can always ask your tool provider for copies but if this isn’t possible you can claim for a tax code tool allowance. The tool allowance is usually worth £120 per tax year and can be backdated four years. The allowance is an agreed an amount for particular trades, which can be claimed without the need for receipts.

Other Tax Rebate and Tax Refund Calculators:

Back to Top
Back to Top