What are Allowable Expenses?

Basically any expenses that are directly attributable to childminding in other words, anything you spend whilst childminding that you wouldn't otherwise. 'If you buy anything specifically for childminding purposes then you should be claiming for it. Please see below just a few items you might consider claiming for. It should be understood that the  following list is by far not comprehensive, indeed it would be quite possible to fill four or five sheets of paper with legitimate expenses.

Costs of using car, outings/playgroups, toys and equipment, travelling costs, cleaning i.e wipes/gloves/aprons, babysprays etc), food and drink, public liability insurance, NCMA subscription, Ofsted Registration fees, accountancy fees, training costs, resources, (paint, arts/crafts, stationery), books, first aid items, childrens gifts within in reason. Ongoing running costs, i.e rent, rates, heating/lighting (percentages based on hours worked).

National insurance contributions are not an allowable deductible expense.

You can also find a section on expenses in the NCMA handbook as well as HMRC website (see below).

The expense guidance is the result of an agreement between NCMA and HMRC. http://www.hmrc.gov.uk/manuals/bimmanual/BIM52751.htm