As the Childvoucher scheme is not to open to new members, I am looking into the Tax-free childcare scheme.
Would my understanding be correct that there are no tax exemptions under ITEPA 03 for a company paying these for employees and any payments made would be classed as earnings subject to PAYE?
I cannot find a exemption and assume as the payments made by employees are topped u by 20% that is why no tax exemption available if employer made contributions. Is there another way to tax efficently sort out childcare now? Or are the other options, the company contracting directly with the nursery with a P11d benefit or a workplace nursery provided to all employees?