Working Families to Benefit from £1,200 Childcare Vouchers

Tax-free childcare vouchers worth up to £1,200 are to be made available for familes by 2015, under plans proposed by the government.

The scheme will cover 20% of childcare costs up to £6,000 per year, per child, for any family with parents who earn less than £150,000 each.

Under the measures drawn up by the Treasury only parents of children born on or after September 2010 will be able to receive the vouchers, although Chancellor George Osborne explained that stay-at-home mohters would be excluded from the scheme because they had made a "lifestyle choice".

He said: "We want to make the new scheme work in the way that is best for parents, so today we are asking for their views, and I'd like as many parents as possible to tell us what they think."

Paul Bartlett, from the Childcare Voucher Providers Association, said: "The role of the employer in the current childcare voucher scheme has been a fundamental reason for its success. Ensuring there is a link between the new scheme and employers will help build on this success, and guarantee employers can still play an important role in helping their staff with their childcare costs."

HMRC and the Treasury have begun a 12-week consultation on the childcare vouchers scheme that will close on 14 October. Parents and other affected parties are invited to send their views on the measures to tax-free.childcare@hmrc.gsi.gov.uk  

Posted by Gary Wilson Wednesday, August 14, 2013 9:52:00 AM Categories: News

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