Call 0117 254 1166 - Email info@elitefinancialaccounting.com

Employer-Supported Childcare gets a reprieve

Many employers help employees with childcare costs, often by providing childcare vouchers by way of salary sacrifice.

Many employers help employees with childcare costs, often by providing childcare vouchers by way of salary sacrifice. Following the roll out of Tax-Free Childcare (TFC), the new government scheme to help working parents, existing Employer-Supported Childcare (ESC) schemes were expected to close to new joiners from April 2018.

However following the Chancellor’s Spring Statement, Education Secretary Damian Hinds, made a concession to delay scrapping the scheme by six-months.

The Childcare Choices website which provides useful guidance to parents on the childcare options available to them including ESC, TFC and other free entitlements has been updated to show that childcare vouchers will be available to new joiners until the end of September 2018.

Under the rules employees already using ESC can choose whether to remain in existing schemes or switch to TFC, but parents cannot be in both TFC and ESC at the same time.

Internet link: GOV.UK Childcare Choices

Receipt Bank xero.png
Copyright

© 2019 Elite Financial Accounting. All rights reserved.

powered by totalSOLUTION

We use cookies on this website, you can find more information about cookies here.
Contact Us

Please call:
0117 254 1166


Quick links

Home | Cheltenham Accountants | Bristol Accountants | Contact us | Site map | Accessibility | Disclaimer | Help |

Bristol Office
Elite Financial Accounting, 609 Fishponds Road, Fishponds, Bristol, Avon BS16 3AA
Cheltenham Office
Elite Financial Accounting, 111 The Promenade, Cheltenham, Gloucestershire GL50 1NW

No 08659473, 609 Fishponds Road, Bristol, BS16 3AA. Registered in England and Wales