HMRC’s new powers to tackle electronic sales suppression
The HMRC has issued advice about the new powers and penalties under the Finance Act 2022 to tackle electronic sales...READ MORE
HMRC is reminding working parents that they may be entitled to Tax-Free Childcare worth up to £2,000 per child per year to pay towards regulated holiday clubs during the school holidays.
The HMRC has invited working parents, including the self-employed, who earn between the minimum wage and £100,000 per year and have children aged 0-11 years old to apply for the Tax-Free Childcare option.
Parents can choose from more than 68,000 childcare providers that have signed up, including school and summer camps across the country.
Those who pay into their Tax-Free Childcare regularly will be rewarded, with the government committing to pay an additional £2 for every £8 that families pay into their account.
“We understand making arrangements for summer childcare at this time of year is important and can be a stressful time for parents,” said Liz Truss, chief secretary to the Treasury.
Ms Truss advised parents to visit the Childcare Choices website and take advantage of the range of offers.
“Tax-Free Childcare makes things easier, putting more money in the pockets of parents and supporting as many families as possible to secure high-quality, affordable childcare,” she concluded.