There is a government scheme available that can help contribute towards childcare costs which may mean fewer of your employees will need time off at the same time this summer.
Tax-Free Childcare is a scheme available to working parents with children aged up to 11 years and many parents are not taking advantage of the scheme. HMRC would welcome help from employers in changing that, so please tell your employees about Tax-Free Childcare and how it can reduce their childcare costs.
Eligible parents can get up to £2,000 per child, per year to spend on qualifying childcare (effectively a 25% top up). This is paid via an online childcare account that you set up for your child. You can get Tax-free Childcare at the same time as 30 hours free childcare if you’re eligible for both.
Tax-Free Childcare isn’t just for everyday childcare costs, such as childminders and nurseries, parents can also use it to pay towards the cost of:
- after school clubs
- summer camps
- school holiday activities
Your childcare provider must be signed up to the scheme before you can pay them and benefit from Tax-free Childcare.
You can find out more information such as eligibility and how to apply from the GOV.UK website.