A Bill to make provision for and in connection with the making of payments to persons towards the costs of childcare; and to restrict the availability of an exemption from income tax in respect of the provision for an employee of childcare, or vouchers for obtaining childcare, under a scheme operated by or on behalf of the employer.
<p>The Bill introduces a new tax-free childcare scheme to support eligible parents with childcare costs. </p><p><strong>Key areas</strong></p><ul><li>the Government would provide 20 per cent support on costs up to £10,000 per year for each child via an online account </li><li>the Government would top up any payments made into the account, capped at a maximum Government contribution of £2,000 a year for each child.</li></ul><p>The Bill extends to the United Kingdom. In relation to Northern Ireland, the Bill requires a Legislative Consent Motion of the Northern Ireland Assembly</p>