From the 2022/2023 financial year onwards, the short cut method is no longer available. A new fixed rate method is introduced. This new fixed rate allows you to cover any energy expenses, phone, internet, and consumable expenses whilst working from home. With this new method, taxpayers are now required to provide a record of actual hours worked from home and the previously accepted logbook method can no longer be used as supporting evidence.
Below is a comparison between the new and old fixed rate method
|
New Method From 1 July 2022 |
Old Method Prior to 1 July 2022 |
|
| Rate per hour | 67c | 52c |
| Expenses included in the rate | Electricity and gas
Home and mobile internet Home and mobile phone usage Home office consumables |
Depreciation
Electricity and Gas Cleaning Costs |
| Expenses excluded in the rate | Depreciation | Home and mobile internet
Home and mobile phone usage Home office consumables |
| Record keeping requirement | Records of actual WFH hours
Receipt of expenses incurred |
Either records of actual hour or use logbook method
Receipts of expenses incurred |
Please contact our office if you would like to know more about how this may impact you.
