Tax Free Childcare Accounts To Start 6 April 2017
Tax-Free Childcare Accounts are set to be introduced on a trial basis from April 2017 for around 2 million households to help with the cost of childcare.
Update on Child-care Voucher Schemes and the new Government “Tax-Free Childcare” Scheme
On the 1st July HMRC won their ongoing battle to prove that their new scheme was lawful. Unfortunately, due to the legal proceedings, the launch of Tax-Free Childcare (TFC) has been postponed until early 2017. This means that the existing employer schemes/childcare vouchers will remain the same until then.
The government will be launching (although no date given) a calculator so that families can work out which scheme will be the most beneficial for their circumstances.