CM Club: 10% wear and tear

[mogs0]

I am confused about this! What do you claim 10% of? I thought it was 10% of your earnings but my Step-father told me no because I was also putting in receipts for new items. My sister has just tried to explain it to me and now I'm even more confused!!!

i always add up my earnings and take 10% off and then continue to take expensies off such as receipts, gas, electric etc

Which is what I thought but my SD dais that would be like claiming an expense then another 10% of it, which would be great and I much prefer that solution!

10% of your monthly earnings are allowable on household cleaning items that are not exclusively used in connection with childminding. So if you earn £1,000 a month you are allowed to put down in your accounts £100 for wear and tear and then anything else which is allowable. Whether you clean anything or not, its a perk so make sure you use it.

my understanding is that you take the 10% off your earnings at year end, after you have deducted expenses etc through the year? I used the NCMA accounts book, and that seemed to be the way it was set up?? - could be wrong though (often am )

Its not very clear IMO in the current handbook. In the past I was given the example of your carpet - the 10% (definitely 10% of your income) is in view of the heavy wear caused by childminding. You can still claim for the cost of cleaning your carpet but you can't claim for the cost of replacing your carpet.

trunkybun it doesn't matter if you do it at year end or monthly/weekly but your earnings after your expenses is your profit. The wear & tear is 10% on your income ie, for every £1 parents pay you, you should be claiming 10p no matter what your expenses were.