No. There aren’t any exceptions to this rule. It is not a business expense (whether you are an employee, limited company director or sole trader). If you need help with your childcare costs, it is worth looking into the Tax Free Childcare scheme run by the government. You can pay money into your account, and the government tops it up with a tax credit. You then pay your childcare costs (to an approved provider, usually Ofsted-registered) from this pot.

If you attend a coworking session (for example) that includes a childcare element, you need to ensure you break out the different costs to only claim for the business expense, and not the childcare cost.

21st April 2020

Can I claim for childcare?

No. There aren’t any exceptions to this rule. It is not a business expense (whether you are an employee, limited company director or sole trader). If […]
9th April 2020

Who needs to file a Self Assessment tax return?

You must file a Self Assessment tax return with HMRC every year if you are self employed (and earn more than £1,000) or you are a […]
9th April 2020

Where can I find my Companies House authentication code?

When you incorporate your limited company or limited liability partnership, you will receive a letter form Companies House shortly after with your companies House Authentication Code […]
9th April 2020

What is the difference between the terms ‘sole trader’ and ‘self employed’?

The easiest way is to break down the two terms: Self Employment means you are responsible for declaring your taxes, managing your business, and deciding what […]
1st July 2019

What software do we use at Seed for our clients – Limited Companies/Partnerships/LLPs?

All our LLPs and Limited Companies are set up in Xero, Receipt Bank and Futrli Flow. Integrating Receipt Bank with Xero helps with efficiency, reduces workload […]
1st July 2019

Are we Making Tax Digital (MTD) Ready/Compliant?

As Xero is MTD-compliant, all our clients who need to file VAT returns are set up in the necessary software. There is a process to go […]
1st July 2019

What can be claimed for working from home?

There are different rates depending on whether you are a sole trader or a director or employee of a limited company. As a director, running a […]
1st July 2019

How can I claim mileage?

You can claim mileage for any wholly and exclusively business travel in your car (45p per mile), your motorbike (24p per mile) and on your bike […]
1st July 2019

What is included in a monthly package?

Seed Accounting’s monthly package is built with you, and for you. You only have in there what you require. Our most common package for limited companies […]