newsletter June 2019

Tax Free Childcare

Parents are advised to make sure they are aware of the Tax-Free Childcare and how it could reduce their childcare costs.

Tax-Free Childcare is a government scheme available to working parents, including the self-employed, with children aged 0 to 11.

Eligible parents can get up to £2,000 per child per year towards qualifying childcare. For clients with 2 children, it could mean a £4,000 saving per year on the family’s budget.

Parents can use it on a wide range of registered childcare, including:

• childminders
• nurseries
• breakfast clubs, after school clubs and holiday clubs.

For disabled children, the scheme is available up to the age of 16 with a maximum government contribution of £4,000 per child per year.

The scheme replaces Childcare Vouchers, which is now closed to new applicants. The government says Tax-Free Childcare is better than the old system as it is open to both employed and self-employed people, meaning about a million more families qualify for help.

It is also paid per child rather than per parent, allowing lone-parent households to get the same amount of support.

However, the scheme has suffered from technical glitches - including last year when 22,000 payments were not passed onto childcare providers - and the help available has been criticised for adding to parent confusion.

To check your eligibility please visit www.childcarechoices.gov.uk to find out more information and how to apply.

DATES TO REMEMBER:

1 June 2019 - Due date for Corporation tax for companies with an accounting period ended 31 July 2018.

7 June 2019 - Due date for filing and payment of VAT for the period ended 31 March 2019, unless you submit a paper return then the date is 30 April 2019.

Monthly Dates:

19th of the Month:

Due date for postal payments of PAYE, NIC and CIS deductions and on-line filing deadline for CIS300 monthly return to HMRC.

22nd of the Month:

Due date for electronic payments of PAYE, NIC and CIS deductions to HMRC.

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