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Extracts from the Revenue's 75th Tax Bulletin.
Employer-supported childcare
The tax and National Insurance contributions rules for employer-supported childcare are changing from 6 April 2005. FA 2004 Sch 13 and s 78 introduced the legislation for the change which amends ITEPA 2003 s 318 and introduces new sections 318A to D and 270A. The National Insurance rules are being revised by regulations to take effect from 6 April. The main changes are:
- new tax exemptions up to the first £50 a week for employer-provided childcare vouchers or employer-contracted childcare subject to qualifying conditions;
- the extension of the existing full tax exemption for employer-provided childcare to apply to persons not directly employed by the employer providing on-site childcare;
- the National Insurance exemptions for childcare vouchers and contracted childcare will also be up to the first £50 a week for both primary and secondary Class 1 NICs (childcare...
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