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Post by julie.ty » Tue Jul 27, 2010 4:42 pm
Thankyou to pandy and mr peoples for replying to my question,just one more for mr Peoples,Iwork full time of which I pay tax NI,however I would like to foster a child respite basis only,so one wkend in 4,Would my IP take this as overtime earnings as Inland revenue give a significant tax relief for foster carers,Thanks

Michael Peoples

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Post by Michael Peoples » Tue Jul 27, 2010 5:05 pm
Foster cares are totally different and it would depend on the profits declared and not the income. The allowances are quite high and are allocated to specific items so unless you actually declare a profit to HMRC there would be nothing extra to pay.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
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