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Paid childcare

Discuss everything related to paid childcare here, including childminders, nannies, nurseries and au pairs.

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Original poster

newbie question...

10 replies

soak · 27/03/2007 13:49

I keep reading on different threads that CM's hardly pay any tax - is this right!?!?!?!

How does this work out? I take it you have to keep receipts of everything you buy but say for example you buy food for the mindees at the same time as you do your normal shop - do you have to highlight what is for the kids or just mark it as a percentage or whack the whole lot through the books?!?!

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PinkChick · 27/03/2007 15:02

i highlight everything i would use when mindees around even things like washing up liquid and loo roll..you also claim % of utility bills, petrol, wear and tear etc etc..i havent had tax bll in yet, but will be here soon so will let you know how it gos

dmo · 27/03/2007 15:08

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PinkChick · 27/03/2007 15:10

dmo ill have earnt about £7000, di you earn more than that to pay that much?

dmo · 27/03/2007 15:11

i earned just over 18k last year

Original poster

soak · 27/03/2007 15:21

thanks again guys! the more I think about it the more I want to be a childminder - first of all, I love kids but I would love to work from home and now that you have all confirmed its all pretty much tax free it sounds even better!!!

how do you deal with the NI side - is it a certain percentage?

OP posts:

PinkChick · 27/03/2007 15:28

ni class 2 is £2.10 per week.wow DMO!!nice one!

dmo · 27/03/2007 17:44

when you reg with inland rev as self employed they will send you forms to fill for ni
i pay £2.10 by dd this is the best way i think it comes out every month as £8.40

dmo · 27/03/2007 17:44

by direct debit not darling daughter

ShoshableEggEater · 27/03/2007 18:00

dmo earmt about the same as you last year, but started doing a school run in the car as new children went to a school off camp, didnt charge petrol to parents but took it off my mileage and managed to get tax bill down to 500 quid because of it. most impressed. Did the milage on Google and put the map thingy off it and printed it which has milage on it.

PinkChick · 27/03/2007 19:38

id love to knwo how much im expected to pay(as i could do with spendig the money on dd's birthday if its not needed!)...i have about £300 saved for bill so far(10% of weeks money each week) but i spent £1000's on starting up and am hoping to be able to claim against a lot of it!..fab guy from surestart coming round once i get my bill in to help me sort out

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