Childcare Vouchers can only be used to pay for registered childcare. This helps working parents to make a saving on what they pay for their childcare. In most cases, employees manage their Childcare Vouchers through an online account, which they use to pay their childcare provider electronically. Employers also save money by providing Childcare Vouchers to their employees as they do not pay the From this saving, most employers pay a Childcare Voucher company, like Employers For Childcare, a small fee to administer the Childcare Voucher scheme on their behalf.
The increase will be paid by employees, the self-employed and by employers. As a result of this increase to National Insurance Contributions, parents who are currently in receipt of Childcare Vouchers will make an additional saving towards their registered childcare costs from The Government closed the Childcare Voucher scheme to new entrants in October , but those parents who were already using the scheme can continue to do so as long as they remain eligible.
This means they must:. Employers For Childcare is one of a number of Childcare Voucher companies operating in the UK, but is the only Social Enterprise which provides this service. What income is taxable? What tax allowances am I entitled to? What tax rates apply to me? How is my tax collected? What if I cannot pay my tax bill? Do I need to complete a tax return? Self Assessment: understanding the basics What is Simple Assessment?
How do I claim tax back? How do I claim back tax if I complete a tax return? How do I claim back tax on savings income? How do I claim a marriage allowance refund? How do I claim back tax on a payment protection insurance PPI pay-out? Should I use a tax refund company? What is National Insurance?
How do I get a National Insurance number? What are Adult Specified Childcare credits? What is Scottish income tax? What is devolution? Do I have to pay Scottish income tax? How does Scottish income tax work? What is Welsh income tax? Do I have to pay Welsh income tax?
Do I have to join a pension scheme? What if I have a tax credits overpayment? Working through a limited company What is the national minimum wage? How do I work out my tax? How is tax collected on taxable state benefits? How do I check my coding notice? They are proactive and efficient with all aspects of their work. They keep on top of our tax and accounting requirements, and help with the development of our business strategy. We view DRG as a key supplier and crucially a partner and would highly recommend the firm — in particular to other fast growing businesses.
I would recommend them wholeheartedly. DRG took the time to explain how working as a sole trader would be more beneficial to me setting up a limited company which I had always thought was a requirement for running a business. They gave me practical advice on the records I need to keep as well as general guidance on setting up my business and helped me claim a large tax refund after my first year of trading.
0コメント