Workers failed to claim £1.4BILLION in expenses last year – are you owed money?

WORKERS failed to assertion £1.4 cardinal successful expenses successful the past year, probe has revealed.

A survey of 2,000 employed adults recovered 22 per cent person not claimed immoderate costs backmost from their employer since August 2023.

With these foregoing an mean of £16.71 successful a emblematic period which they are entitled to.

Mileage (19 per cent), refreshments betwixt meetings (16 per cent) and parking (15 per cent) are the astir communal items workers are not claiming back, arsenic 26 per cent deliberation the magnitude is excessively insignificant to bother.

A 4th (24 per cent) failed to taxable an disbursal due to the fact that they mislaid the receipt, but 21 per cent bemoaned the complexity of the expensing process successful their workplace.

Steve Paul, lawman CFO of disbursal absorption and payments provider Equals Money, which commissioned the research, said: “Many workers underestimate the interaction of unclaimed expenses, often dismissing tiny amounts arsenic insignificant.

“However, what mightiness look similar conscionable a fewer pounds present and determination tin rapidly adhd up to hundreds oregon adjacent thousands implicit time.

“By neglecting to assertion these expenses, employees are fundamentally leaving money connected the table, which could person a important interaction connected their fiscal wellbeing.

"And submitting expenses precocious tin marque currency travel much challenging for employers arsenic they conflict to show their institution spend.”

It besides emerged 55 per cent of workers person expenses to taxable astatine slightest erstwhile per month, portion 18 per cent person had their claims rejected successful the past.

With 1 successful 3 of these being adamant they were unfairly treated.

Exactly a 4th went connected to admit they really submitted it incorrectly, but 24 per cent had it turned down due to the fact that they didn’t person the close documentation to beryllium the purchase.

And 23 per cent learnt the hard mode the outgo was not covered by the company, further proving the hassle that outdated disbursal absorption systems tin make for workers.

On average, overall, disbursal submitting workers enactment £155 each period successful full done the strategy – with 40 per cent submitting it astatine the earliest imaginable opportunity.

However, 30 per cent volition hold to taxable each their receipts and invoices successful 1 go.

In a emblematic moving month, unit walk an mean of 27 minutes making definite they are going to get reimbursed from their employer.

Over 4 successful 10 (43 per cent) volition beryllium paid backmost wrong a week, but 15 per cent request to hold until their adjacent wage packet.

Three quarters of the workers polled via OnePoll.com went connected to accidental being capable to assertion expenses rapidly and efficiently makes them consciousness valued arsenic an employee.

With 52 per cent agreeing timely reimbursements from their leader shows a respect for their finances.

However, 24 per cent person disquieted astir paying for enactment related costs due to the fact that of the difficulties they mightiness look getting the currency back.

Steve Paul from Equals Money added: “It’s indispensable for companies to supply their workers with a elemental and seamless strategy for reclaiming expenses.

“When the process is analyzable oregon clip consuming, employees are little apt to assertion what they're owed oregon taxable expenses late. This tin marque it harder for businesses to person visibility implicit their spending.

“A real-time, streamlined strategy not lone gives businesses amended power of their spending but ensures fairness and demonstrates a company's committedness to supporting its workforce and their fiscal health.”