Cost to companies of voucher schemes I spent some time ringing up childcare voucher companies to see what they charge to administer voucher schemes - they seem reluctant to put this information on their websites ...
I now realise I needn't have bothered as I can pay for the childcare scheme directly (cheers for the tip). But if anyone wants to know the costs, then they range from 2.5% (Kiddivouchers) and 4% (Voucher solutions) all the way up to 9%.
The costs to buy the childcare vouchers are, of course, less than the saving you make. But there still doesn't seem to be much reason to go for the 7-9% end of the market.
Has anyone got any experience of paying the childcare provider directly? How easy was this?
Doesn't that count as wrong?!? Well, it says amount excluding VAT, when they want the amount including it. That counts as wrong in my book!!! Anyway, cheers for the confirmation (and hadn't spotted date! Oops.).
Filling in the FRVS form My main problem with the frvs is how to fill out the form. I know it's supposed to be easy. But am I right that the online form is incorrect, as I explain here: http://www.malcolmcoles.co.uk/blog/flat-rate-vat-scheme-return-how-to-fill-it-in-online/ - it says to include the amount excluding vat at box 6 when it's the amount including it with the FRVS.
My answers
Cost to companies of voucher schemes
I spent some time ringing up childcare voucher companies to see what they charge to administer voucher schemes - they seem reluctant to put this information on their websites ...
I now realise I needn't have bothered as I can pay for the childcare scheme directly (cheers for the tip). But if anyone wants to know the costs, then they range from 2.5% (Kiddivouchers) and 4% (Voucher solutions) all the way up to 9%.
If you want the full list I made, it's at: http://www.malcolmcoles.co.uk/blog/childcare-voucher-companies/
The costs to buy the childcare vouchers are, of course, less than the saving you make. But there still doesn't seem to be much reason to go for the 7-9% end of the market.
Has anyone got any experience of paying the childcare provider directly? How easy was this?
Doesn't that count as wrong?!?
Well, it says amount excluding VAT, when they want the amount including it. That counts as wrong in my book!!! Anyway, cheers for the confirmation (and hadn't spotted date! Oops.).
Filling in the FRVS form
My main problem with the frvs is how to fill out the form. I know it's supposed to be easy. But am I right that the online form is incorrect, as I explain here: http://www.malcolmcoles.co.uk/blog/flat-rate-vat-scheme-return-how-to-fill-it-in-online/ - it says to include the amount excluding vat at box 6 when it's the amount including it with the FRVS.