I currently claim Working Tax Credit to help cover my childcare costs. Can I participate in the Childcare vouchers scheme as well? What would be more beneficial for me to use?
• If you opt in to the Childcare vouchers scheme, your entitlement to tax credits may be affected. This is because you can only claim help through the childcare element of Working Tax Credit on childcare costs that you meet yourself. Those who receive more than the basic family element of child tax credit and claim for childcare costs through the childcare element of Working Tax Credit may not benefit. • It is advisable that you conduct your own investigations through the HM Revenue and Customs tax credits helpline (0845 300 3900) to see how changes to your salary and childcare costs might affect your tax credit claim if you sign up to the voucher scheme. More information is available on how vouchers affect tax credits on http://www.hmrc.gov.uk/childcare/esctc.htm.
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