Article 6PAXQ Parents saving up to £10,000 in nursery benefits may face unexpected tax bills

Parents saving up to £10,000 in nursery benefits may face unexpected tax bills

by
Rupert Jones
from World news | The Guardian on (#6PAXQ)

HMRC says several commercial schemes are exploiting tax exemption aimed at employers who provide nursery places

Working parents could be hit with unexpected tax bills because of a clampdown on the misuse of a childcare benefit" offered by some employers that lets people enjoy savings of up to 10,000 a year.

HM Revenue and Customs has turned its sights on some workplace nursery benefit schemes which allow employees to pay the fees out of their pre-tax salary, resulting in them making big savings on income tax and national insurance.

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