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Understand how to comply with financial and taxation requirements when setting up a home based childcare setting

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Question 1 of 4

Which two types of National Insurance may self-employed people need to pay?

Class 4

Class 1

Class 3

Class 2

Which of these can you claim a percentage of as expenses? Select the four correct answers.

Water rates

Mortgage payments

Heating and lighting

Council tax

Rent

TV licence

Which of these do you need to keep receipts for in order to claim them as allowable expenses? Select the three correct answers.

First aid training

Public liability insurance

Washing machine

Television

Items that cost more than £10

HMRC would like you to register online for self assessment? Is this statement true or false?

FALSE

TRUE

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You scored: 0 out of 4