SCMA Update on Proposed Changes for Wear and Tear

We’re aware that after the recent budget announcement, changes are expected regarding the process for claiming wear and tear as part of your self-assessment with HMRC.

We’ve received some contact from members about this change – please be assured that we understand your concerns and we are in regular contact with HMRC and others, advocating on your behalf and seeking clarification of what this will mean for childminders.

It’s important to note that any changes to wear and tear will only apply from 6 April next year if your qualifying income is greater than £50,000. If it is below this, you can continue to claim in the usual way until it is time for you to move across to Making Tax Digital.

As always, we will keep members updated and will provide more information as soon as we can.