Consultation on childcare accounts
HMRC has recently issued consultation on the Tax-Free Childcare scheme that will offer working families 20% support toward the costs of qualifying childcare, up to a limit of £2,000 per child each year.
Eligible parents who enter the scheme will have a childcare account for each child. They will be able to pay funds into that account, receive government support of 20% of those funds up to £2,000 per child each year, and use the total funds to pay the qualifying childcare provider of their choice. This should give parents flexibility to meet their childcare needs.
Date: 30th June, 2014
Articles from this Author
Contact Business Service Partners
Choose from the drop down menu below to select a Partner to contact.
19 TAG Alliances Member Firms will be gathering in the Isle of Man this weekend for the 2018 UK and Ireland Regiona… twitter.com/i/web/status/1…
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole