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Tax Breaks for Directors - Part 1 Directors only - 9. Childcare - 9.1. Introduction
9.1. IntroductionChildcare is expensive, but the tax system offers some help where your company bears some or all of the cost. A change is in the pipeline, but currently there are two tax-efficient ways your company can contribute to your childcare arrangements:1. Childcare vouchers and subsidised childcare. A childcare voucher which can be redeemed against the cost of places for children under 16, in approved nurseries or with registered child minders who participate in the voucher scheme. Alternatively...Click here -
Slash Your Tax for Small Businesses - 6. Employing staff, PAYE & NI obligations and taxable benefits - 6.5. Tax-free benefits - 6.5.3. Can you give some examples? - Childcare
ChildcareProvided such childcare benefits are available generally to employees, employers can provide childcare for their employees (or directors) tax free in the following ways:Employer-provided childcare - the employer needs to provide a registered childcare facility on non-domestic premises (which will generally preclude the use of a childminder). Employees can contribute to the cost by salary sacrifice.This is an exempt supply for VAT purposes and such salary sacrifices may create or have an impact on the...Click here
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