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Childminders

11/10/2017 11:21:11
If you are a self-employed Childminder you will need to register with HMRC as soon as you start to advertise or have a child to mind, you can follow this link to Register for and file your Self-Assessment tax return

HMRC has been working with Childminding organisations and special rules have been developed regarding agreed expenses which can be claimed to reduce a Childminders tax bill. You don’t have to use these but you may find them beneficial and easier to calculate your profit.

Did you know that Childminders are unique and don’t need to keep receipts for an item which costs £10 or less? If you are new to Childminding you can find out this and more in our online guide for childminders which explains these rules as well as looking at National Insurance, record keeping and Self-Assessment.

HMRC also have record keeping apps which might help you keep track of what you are spending,

If your question can’t wait or it is of a more technical aspect you can find more information in the Business Income Manual






This message was edited 8 times. Last update was at 06/06/2019 12:26:15

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Childminders

26/06/2018 09:49:41
Posted by emlo1982 30/03/2017 10:08:18

Hello, I've just become self employed as a childminder, and have been lucky to receive a childcare business grant. I have read the notes in the Business Income Manual, but I'm afraid they don't make much sense to me. Am I right in thinking I would add the grant to my accounts as an income, then deduct my expenses from this, therefore any balance left is taxable? Many thanks.
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Childminders

26/06/2018 09:50:24
Hi emlo1982

You have interpreted the information in the Business Income Manual correctly. Childcare business grants are available for newly registered childminders and should be included as business income. If what you spent the grant on is an allowable business expense, it should be included in your records under the appropriate category

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