Hello and thank you for reaching out to us regarding the Self-employment short supplementary page for foster carers. We understand that navigating tax forms can be confusing, so we are here to provide you with the necessary information to ensure you are filling out the form correctly.
If you are a foster carer and your qualifying care receipts exceed your qualifying amount, you will need to utilize the simplified method to calculate your profit. In this case, you will need to complete boxes 2 to 8 if they are relevant to you. You will also need to enter your total receipts in box 9 and input your qualifying amount in box 20. Additionally, you will need to fill in boxes 21, 28, and 31.
However, if your qualifying amount is greater than your total qualifying care receipts, you will need to enter '0' (zero) in box 31 and do not complete the remaining form SA103s.
We have arranged the boxes in accordance with HMRC guidelines to make the process as straightforward as possible for you.
If you have any further questions or need additional assistance, please do not hesitate to reach out to our customer support team. We are here to help you every step of the way. Thank you for choosing us as your tax resource.