11 Feb Tax-Free Childcare – Make sure you know what to do
Tax-Free Childcare payments
HMRC have made it it easier for parents to pay for the childcare they use with Tax Free Childcare.
As an example, if a parent makes a deposit into their Tax-Free Childcare account by bank transfer or standing order:
- it should take only 2 hours for the payment to reach their childcare account any government ‘top up’ automatically will be added automatically
- they can use the money to pay their childcare provider as soon as it shows as ‘available funds’.
If they pay their childcare provider:
- before 2.30pm, it’ll reach their provider’s account the same day
- after 2.30pm, or at the weekend or on a bank holiday, it’ll arrive in their account the next working day.
Some parents are still missing out on Tax-Free Childcare. HMRC have asked that all employees speak to their employees about Tax-Free Childcare to see if they can help.
If you struggle with your payroll function then please get in touch on 01379 646943 or email email@example.com. To find out more about our payroll solutions visit our webpage here.