Tax Free Childcare

Tax Free Childcare

The Government’s new Tax-Free Childcare scheme will be phased in across the UK from 28 April 2017, and will replace the current Childcare Voucher Scheme. For the first time, the scheme will not only cover full time employees but also those who are part time, on...
Some employee perks are losing their tax breaks.

Some employee perks are losing their tax breaks.

From 6 April 2017 the tax and employer national insurance advantages of a salary sacrifice or salary exchange will be removed, with the exception of: Pensions Childcare (Vouchers, workplace nurseries or directly contracted childcare) Cycle to work Ultra-low emission...
Update on Tax Free Childcare

Update on Tax Free Childcare

Further detail has been released on the new tax free childcare scheme that HMRC are set to debut in early 2017. Under the scheme eligible parents open an online account, which they can use to pay a registered childcare provider. HMRC top up the account with £2 for...