I am about to finish the registration process and am trying to work out what to charge. In a leaflet from NCMA it says that the Inland Revenue only take into account one third of your income from childminding as income FOR TAX CREDIT PURPOSES. The only thing is it is 3 yrs out of date. I am a single mum so obviously need to earn a minimum amount but if this is true it means I can charge less. I will be grateful to anyone who can help me with this. Thanks
Ring the NCMA helpline for advice. They are usually more likely to know exactly what's what for childminders than an anonymous person from IR. Even though you are not yet registered, I am sure that they would help.