HMRC has highlighted that more than 600,000 families are currently utilising the Tax-Free Childcare scheme to reduce their childcare expenses. The announcement encourages working families who have not yet registered to sign up and take advantage of the available savings on eligible childcare costs. Tax-Free Childcare allows eligible working parents to open an account and receive government support towards their childcare fees.
Source: HMRC (GOV.UK) – Read the original