by MAS | Jan 4, 2024 | childcare, Financial news, HMRC, Tax credits
Child benefit payments take up to 16 weeks to commence. Now, HMRC has launched an online claim service for new parents which it says will take ten minutes to complete, and as little as three days for payments to arrive. What will you need to use the new service? HMRC...
by MAS | Oct 28, 2020 | Business advice, childcare, Coronavirus, Covid-19, Financial news, tax free childcare
Working parents who are on coronavirus support schemes will remain eligible for childcare support even if their income falls below the minimum threshold requirement, the government has announced From 1 November, eligible working parents who receive support through the...
by MAS | May 28, 2020 | childcare, Coronavirus, Covid-19, tax free childcare
The government has made temporary changes to its TFC scheme as a result of the COVID-19 pandemic. The temporary changes to the eligibility criteria for TFC and the 30 hours free childcare scheme are designed to help families during the COVID-19 lockdown. The changes...
by MAS | Mar 17, 2020 | Business advice, childcare, tax free childcare
The Budget has included a new measure to boost take-up of the tax-free childcare (TFC) scheme, by making it accessible to parents who use before and after school care Chancellor Rishi Sunak announced a service improvement that will make TFC compatible with school...
by MAS | Feb 27, 2020 | Business advice, childcare, Financial news, HMRC, tax free childcare
Research commissioned by HMRC has suggested that low take-up of the Tax-Free Childcare (TFC) scheme is linked to a ‘poor understanding’ of the initiative. Under the TFC scheme, relief is 20% of the costs of childcare, up to total childcare costs of £10,000...
by MAS | Aug 7, 2019 | childcare, Tax, tax free childcare
The government is reminding working parents that they could ease this summer’s childcare costs by using Tax-Free Childcare (TFC). The scheme is worth up to £2,000 a year for each child and allows parents to save regularly for childcare costs. For each £8 saved...
