HMRC ‘Tax for Foster Carers’ e-learning package

HMRC ‘Tax for Foster Carers’ e-learning package

Are you new to foster caring?
Do you have a lot of questions about tax and National Insurance?
Would you like to know about an easier way to work out your profit?
Then click here for HMRC’s free e-learning package

This course will build your confidence by guiding you through everything you need to know to get started. There are useful tips from others who have been where you are now and practical case studies to help you along the way.

Topics covered include:
• What you must do when you start fostering
• How you register as self-employed using HMRC’s Online Service
• The special scheme for foster carers, called Qualifying Care Relief
• How to work out your profit
• Fostering in a partnership
• What records you need to keep for HMRC
• How fostering affects tax credits.
Click here to start Tax for Foster Carers