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HMRC urges families to make use of Tax-Free Childcare scheme

HMRC is reminding families not to miss out on the financial support offered by its Tax-Free Childcare (TFC) scheme.

30 Jun 2022

HMRC is reminding families not to miss out on the financial support offered by its Tax-Free Childcare (TFC) scheme.

Under TFC, the tax relief available is 20% of the costs of childcare up to total childcare costs of £10,000 per child per year. The scheme is therefore worth a maximum of £2,000 per child (£4,000 for a disabled child). Parents are able to apply for TFC for children under 12 (up to 17 for children with disabilities).

HMRC reported that more than 384,280 families used TFC in March 2022, which represented the highest number recorded since the scheme was launched in April 2017.

Research published by HMRC earlier this year found that 1.3 million families could be eligible for TFC.

Helen Whately, Exchequer Secretary to the Treasury, said: 'TFC helps families with the cost of childcare bills, but we know that thousands of parents could be missing out.

'There are lots of fantastic holiday clubs and childcare providers to help working parents during the upcoming summer holidays, so now is the time to take advantage of this support.'

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020 7794 5757

Numera, 4th Floor Charles House, 108-110 Finchley Road, London NW3 5JJ

Numera is a trading name of Numera Partners LLP | Company Registration No. OC365787 | Place of Registration: England & Wales | Registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales.

About us

Numera is a newly established forward-thinking firm of chartered accountants, with over 25 years in experience of audit, accountancy, taxation and business advisory services.

We work with clients in a large variety of industries and sectors; from sole traders to multi-million pound turnover organisations. We aim to create and maintain a close relationship with our clients. By being so involved, we are able to identify opportunities for our clients as well as possible risks that our clients may be faced with.

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