Best Amazon Prime Day deals: Mumsnet favourites

Best Amazon Prime Day deals:
Mumsnet favourites

Shop now

Please or to access all these features

Work

Chat with other users about all things related to working life on our Work forum.

Being self-employed, can I claim nursery costs as a business expense?

13 replies

Hourglass · 30/03/2006 08:41

A colleague of my husband reckoned you could claim nursery costs as a business expense.
This seems nonsensical to me and, after a quick check on Google, I think he is completely wrong.
Has anyone else ever heard of this?

OP posts:
zippitippitoes · 30/03/2006 09:18

I am certain he is wrong, but you could use the employers' voucher scheme if you were a ltd co couldn't you? As well as tax credits

FioFio · 30/03/2006 09:20

This reply has been deleted

Message deleted

iris66 · 30/03/2006 09:29

Nursery costs would class as private ed wouldn't they since nursery's not compulsory? (watching with interest as I'm in the same boat) Smile

Hourglass · 30/03/2006 09:35

I'm not a ltd company, zippi, so not sure what employers' voucher scheme is. I'm just self-employed. I do already notify tax credits of the amount of nursery fees I pay, but to offset the cost against my income tax bill is separate of course.

Fio & Iris - If you can claim private education, then maybe there's something in it. I'll keep looking and post with any updates!

OP posts:
foxinsocks · 30/03/2006 09:39

you can't claim nursery fees as a business expense

zippitippitoes · 30/03/2006 09:39

I've never heard of claiming private education..surely not sounds very unlikely!

zippitippitoes · 30/03/2006 09:42

As I understand it the employers' voucher scheme is 55.00 (or thereabouts)per week which is paid in lieu of taxable pay and is tax free..as to whether you could register as a limited company and then have a scheme I don't know.

Hourglass · 30/03/2006 09:57

Have been searching on the net and it looks extremely unlikely that the costs could be claimed.
An accountancy site (www.pkf.co.uk) states categorically:
"... if you are self-employed, childcare costs are not deductible as a business expense."

www.pkf.co.uk/web/pkf800.nsf/webPagesPrint/ID5DB24503BC1C888F80256F400035A651!OpenDocument&Click=

OP posts:
expatinscotland · 30/03/2006 10:02

What you could do is claim Child Tax Credit if you leave your child w/a registered child minder and at least get some relief on costs.

Hourglass · 30/03/2006 10:04

Thanks expat, yes I already do that.
I was just asking the question about childcare costs as a business expense because my husband's colleague was so adamant.
It looks to me like he's completely mistaken.

OP posts:
motherinferior · 30/03/2006 10:05

Sadly, don't think you can. If you could, my accountant would have been onto it!

Bugsy2 · 30/03/2006 10:06

I looked into this Hourglass and I checked with my accountant - the answer was definitely no for the self-employed.

Hourglass · 30/03/2006 15:18

Never mind, it was worth looking into. Thanks for all your input.

OP posts:
New posts on this thread. Refresh page