Sections 270A and 318A of the Income Tax (Earnings and Pensions) Act 2003 (ITEPA) provide limited tax exemptions for the provision of childcare vouchers and employer-supported childcare. One of the conditions that must be met in order for these exemptions to apply is that the childcare must be “qualifying child care”. The definitions of “qualifying child care” are complex and are different for each country of the UK. Equivalent definitions are also used to determine entitlement to tax credits.
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Posted November 4th, 2009 | No Comments »
HMRC has reissued Employer Helpbook E18 How to help your employees with childcare. The booklet provides guidance on the tax and NICs treatment of childcare facilities provided by employers, i.e. in the provision of workplace nurseries, childcare vouchers, and directly contracted childcare. It also reflects the changes to the definition of “qualifying child care” that were made to the tax legislation in September 2008.
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Posted December 22nd, 2008 | No Comments »
HMRC has reissued online booklet IR115 Paying for childcare – Getting help from your employer. The booklet explains the tax relief provisions as they relate to childcare facilities provided by employers, i.e. in the provision of workplace nurseries, childcare vouchers, and directly contracted childcare. It also reflects the changes to the definition of “qualifying child care” that were made to the tax legislation in September 2008.
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Posted December 14th, 2008 | No Comments »
In September 2008, changes were made by Regulations to the definition of “qualifying child care” for the purposes of the limited tax exemption for employer-contracted child care and the provision of childcare vouchers. For the tax exemption to apply, it is critical that the child care contracted by employers or for which childcare vouchers may be used meets the definition of “qualifying child care”.
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Posted October 27th, 2008 | No Comments »
Last week’s news item on this subject described the changes that have been made to the definition of “qualifying child care” for the purposes of the limited tax exemption for employer-contracted child care and the provision of childcare vouchers. We made reference to HMRC’s booklet E18 How to help your employees with childcare as a source of guidance on what is and is not “qualifying child care”.
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Posted August 31st, 2008 | No Comments »
Where the qualifying conditions are met, employers are able to provide childcare benefits that enjoy full or partial tax exemption, namely
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Posted August 25th, 2008 | No Comments »
