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Parents can save tax if they sign up for Childcare Vouchers before April
Childcare vouchers are a Government initiative aimed at helping working parents with children up to the age of 15. Each parent can receive up to £243 per month in childcare vouchers from their employer and this is free from tax and National Insurance. Most childcare vouchers are provided through salary sacrifice, which means parents receive…
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Salary Sacrifice: May no longer be attractive for employers
Personnel Today has reported that a European court ruling means employers may be forced to pay millions in unpaid VAT for salary sacrifice voucher schemes. For a number of years now the Government have offered a number of schemes to encourage employers to provide employees with tax advantageous benefits. Some of the most common include:…