Children Articles

Tax-Free Childcare set to benefit Umbrella.co.uk contractors in 2017

The Chancellor’s budget statement was more than a fortnight ago, but the consequences of announcements for everyday taxpayers are still emerging. Among the partially buried announcements is this good news for contractors, who may have been unable to take advantage of previous childcare schemes.

The eagerly awaited Tax-Free Childcare (TFC) scheme was delayed following a legal challenge in 2015, but the new scheme will now come into force in ‘early 2017.’