Response of the Women and Equalities Select Committee to the Government consultation on extending redundancy protection for women and new parents
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Saving your clients/employees money on childcare costs 17 May 2019
The uptake of Tax-Free Childcare (TFC) has not been as high as the Government had initially forecast and therefore there are many parents who could be missing out on assistance with their childcare costs.
Are you able to communicate information to clients or employees?
Tax-Free Childcare is a government scheme available to working parents, including the self-employed, with children aged 0 to 11.
Eligible parents can get up to £2,000 per child per year towards qualifying childcare. For clients with 2 children, it could mean a £4,000 saving per year on the family’s budget.
Parents can use it on a wide range of registered childcare, including:
• •
childminders
nurseries
• breakfast clubs, after school clubs and holiday clubs.
For disabled children, the scheme is available up to the age of 16 with a maximum government contribution of £4,000 per child per year.
Support with childcare costs can be a complex area as the Government offers different types of support and some interact with Tax-Free Childcare.
The Low Income Tax Reform Group (LITRG) has useful information on its website that you can signpost contacts to about how TFC interacts with other schemes.
Please tell your clients/employees to visit Childcare Choices to find out more information on how their childcare costs could be reduced and how to apply.
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PAYE needs to be updated for modern working patterns 20 May 2019
The Office of Tax Simplification (OTS) has published a report which includes recommendations to improve the operation of the PAYE system for smaller businesses and to enable agents to see the same information as their clients and carry out any tax transaction their client wishes them to.
The report ‘Simplifying everyday tax for smaller businesses: a further business lifecycle review’ was commissioned by the Chancellor of the Exchequer and the scoping review was published in July 2018.
It is a particular priority for the OTS to focus on improving the experience of individuals and smaller businesses in engaging with the tax system. During review for this report, the OTS consulted many individuals involved in smaller businesses, advisers and representative bodies.
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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