When do I tell HMRC?

[hbcm]

Hi,

Just had my reg-reg visit so am only waiting for my certificate before I can get started.

But when should I tell HMRC that I am running a business from?

Do I tell them from when my certificate arrives? That's when my business will technically open

Or when I start looking after my first child?

Thanks xx

[loocyloo]

Good morning.

Congratulations and how exciting.

I don't know when you should tell them! I suggest giving them a call and asking.

Good luck with your future adventures

X

[hbcm]

Thanks loocyloo. I'm excited. That's a good idea, I'll ask them directly then I can't get in trouble for doing the wrong one lol x

[sarah707]

Congratulations and welcome to childminding!! :clapping:

You need to inform HMRC as soon as you are registered - are you getting a grant? You will need to record that as income...

Are you spending money on resources and setting up? Don't forget to record it as expenses...

My guidance might be useful :D

expenses and tax - by Sarah (http://www.childmindinghelp.co.uk/freeresources/Free%20downloads/taxinformation.html)

[hbcm]

Thanks Sarah. I figured it was safer to register straight away rather than wait. Am I right in thinking we can't claim back the cost of our registration items: HBCA, first aid, Ofsted, DBS? I can't recall where I read it so it might have been a dream I had lol.

[loocyloo]

Thanks Sarah. I figured it was safer to register straight away rather than wait. Am I right in thinking we can't claim back the cost of our registration items: HBCA, first aid, Ofsted, DBS? I can't recall where I read it so it might have been a dream I had lol.

You can't claim the actual cost of these back, but you can put them in your expenses in your accounts, so you won't pay tax on them. X

[hbcm]

Thanks again loocyloo, that may have been what I meant but who knows.