Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Just create your own vouchers. It's not complicated. Keep a record of each voucher you issue and it's value, then produce a voucher that states what the holder is entitled to and give it to the childcare provider. Ask them to sign it to show that they have accepted it as payment in kind (this transfer the liability from you personally to the voucher producer - YourCo) then do a bank transfer from YourCo to provider to redeem it.
Even easier is to get the childcare provider to contract directly with YourCo. This can be as simple as a letter on behalf of YourCo stating that it wishes to purchase childcare for employee X (you) up to the value of £y per month and that could they please address invoices to YourCo, YourCo address.
As a formality, whichever route you choose, at the beginning of each tax year you should create a "Basic Earnings Assessment" which details your relevant earnings (which will just be your salary) and the maximum amount you are allowed per month. It should be £243/month as a basic rate taxpayer (dividends don't count as relevant earnings).
Comment