Tax-Free Childcare – Launch in Autumn 2015
The Government has confirmed that Tax-Free Childcare will be launched in Autumn 2015.
Following consultation, the scheme will be available to eligible families with children under 12 from the first year of the scheme’s operation subject to a cap of £2,000 per child.
To obtain the maximum government contribution parents will have to pay in £8,000 per child.
The relief applies to registered/approved childcare provision, including nurseries, childminders, nannies and school-based care. It is available only where both parents work, or where the sole parent works; there is no relief where a parent stays at home.
The relief is subject to an income cap of £150,000.
The Government has issued further guidance here.
Date: 22nd April, 2014
Articles from this Author
1st November, 2018
Budget 2018 - Changes for businesses
22nd October, 2018
Making the most out of your home? Rent a room relief
3rd May, 2018
Tax changes for non-resident corporate landlords
4th April, 2018
EMI options - a current risk
Contact Business Service Partners
Choose from the drop down menu below to select a Partner to contact.
Sandy Bell, Partner in Rickmansworth considers the merits of Furnished Holiday Lettings in Optima magazine… twitter.com/i/web/status/1…
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole