Active discussions

Help end medical misogyny. Sign our petition.

Help end medical misogyny.
Sign our petition.

Sign the petition

Please or to access all these features

Talk
Paid childcare

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

Original poster

CM CLUB:Arrgh, just got my tax return in!

25 replies

PinkChick · 13/04/2007 12:36

got business guy from cis coming round monday to help me go through it..he said to get all reciepts, utility bills out etc and come up with a yearly figure which i think we would use the utilities...thank god for him, im no good at these things
am hoping th e money i have saved to pay it will be spare(as i havent earned much and have spent lots!) so we can use it for holiday

OP posts:
Are your children’s vaccines up to date?
Set a reminder
Original poster
PinkChick · 15/04/2007 19:44

ok, got recipets(eerything ive bought to do with business), bills for gas, electric, water, phone, council tax..what else can i provide?
i use mobile so could count that but dont keep the receipts for £10 per month - 2 month..downstairs of house window cleaner?..anything else?

OP posts:
star1976 · 15/04/2007 19:50

I got mine too and have no idea what to do!!!!!! Once you have gone through yours any tips would be much appreciated!

bonkerz · 15/04/2007 19:51

i filed mine online on friday night! All done and dusted!!! [sorry for the smug face!} can send my spreadsheet i use for the year and when tax return comes in i already have my 3 basic numbers to type in!!

Original poster
PinkChick · 15/04/2007 19:53

well i have everything in order, but dont know how much of some things i can claim for (for eg, the £560 modular sofa i bought soley for mindees in playroom, business guy seems to thinink i may have to use a % of it over what i would think the life of sofa would be say 3-4 years???)

OP posts:
bonkerz · 15/04/2007 19:57

my tax lady from IR told me that its ok to claim upto 25% as long as the item is used or fitted for the mindees. Had a new sliding door put in recently onto entrance of conservatory/playroom and have put 10% thorugh books. New laminate being fitted and can claim 25% of cost also having new kitchen fitted and IR say that as one of the reasons im having it done is for food hygene purposes can claim 15% of that in next years books too!!!

star1976 · 15/04/2007 19:58

Sorry to be cheeky bonkerz, but could you please send me your spreadsheet too???
[email protected]
Thanks

Original poster
PinkChick · 15/04/2007 20:02

oh yes sorry ..joanne dot gowland at ntl world dot com.thanks

OP posts:
bonkerz · 15/04/2007 20:13

done

star1976 · 15/04/2007 20:32

That is fantastic, thank you!!!!!!

bonkerz · 15/04/2007 20:33

just hope it makes sense!

Very easy once oyu get it set up.

Original poster
PinkChick · 16/04/2007 10:51

very well explained!..thankyou

OP posts:
Original poster
PinkChick · 16/04/2007 19:33

well, it looks like i shouldnt be paying anything.BUT......they may(probably will) take nto account the grants i was awarded for getting back into work and help me buy equipmment, so then i may..what a faf on!..gonna reg online now, then wait for password and do it there instead of waiting for post!..huh!

OP posts:
bonkerz · 16/04/2007 21:10

if you had a grant then you cant put the things you bought from that through the books. Apart from that you dont declare the grant as income.

shiningstar · 16/04/2007 21:15

anyone know about child tax credits and the tax return? do we have to declare anything? thanks

bonkerz · 16/04/2007 21:20

tax credits say that if giving an estimate then you give 1/3 of your total yearly income. then you give the actual amount at end of tax year. I always say i will be under tax bracket and they then adjust if needs be at end of year. Has worked for me for 3 years now. Give estimate of £4100 income after expenses and usually come in under £4000 bracket!

bonkerz · 16/04/2007 21:21

but no you dont declare tax credits as income (sorry just read your question again!)

shiningstar · 16/04/2007 21:23

thanks for that. another question now someones here! what about if the parents pay you by a childcare voucher scheme. does this have any effect or is this just cunted as cash in your normal monthly earnings?

shiningstar · 16/04/2007 21:23

rude word alert! i am soooooooooooo sorry!

shiningstar · 16/04/2007 21:25

did i scare everybody off????

bonkerz · 16/04/2007 21:36

its counted as normal earnings ie cash in your account.

shiningstar · 16/04/2007 21:40

thanks! anyone want to share how much tax they pay say if they earnt £15,000 in normal earnings? i know you get the tax free amount and deductables but i just wonder how much everyone else deducts. its hard to know if you are claiming all you can! what would you expect to pay on this amount? thanks

bonkerz · 16/04/2007 21:41

cant help you there im afraid. Have never earnt over 10,000 in year BEFORE deductions and thats with 2 full time mindees and 4 full timers in holidays plus 2 after schoolers!!!

bonkerz · 16/04/2007 21:42

Id be interested to hear how you can earn £15000 after deductions too!!!!

shiningstar · 16/04/2007 21:45

not £ 15,000 after deductions thats would be actual income! so then less the £5000 tax free less consumables etc etc!

bonkerz · 16/04/2007 21:49

yeah! like i said before IR tend to say as a childminder you take GROSS earning and declare 1/3 as INCOME so therefore £15000 GROSS means £5000 INCOME!!!!!!!!!!

New posts on this thread. Refresh page