HM Revenue & Customs (HMRC) know that foster caring is an important service in the community. They know that foster carers are not the same as people who sell goods and services to others. For this reason, there's a special scheme for foster carers called 'qualifying care relief'.
This HMRC e-learning course will provide you with the information you require relating to tax and National Insurance if you are a foster carer. It will also tell you an easier way to work out your profit.