A recent rule change by HM Revenue & Customs could see thousands of people with mobile phones provided by their employer claim hundreds of pounds in tax refunds, it has been claimed.
HMRC used to insist that smartphones such as iPhones, BlackBerry and Android devices were not the same as conventional mobile phones and so were subject to tax where employers provided them to employees who were allowed to use them outside work.
However, the tax authorities have decided that they will waive the tax on new technology, which is as a result of the increase in the number of smartphones in the UK, according to the Daily Telegraph's head of personal finance Ian Cowie writing in his blog.
Regulator Ofcom estimates that 47 per cent of all teenagers in the UK and over a quarter of adults now own a smartphone.
Kantar Worldpanel ComTech recently suggested that 71.4 per cent of mobile phone sales in the 12 weeks ending January 22nd 2012 were made up of smartphones.
Posted by Simon Thomas