Moneeza Siddiqui looks at the system of childcare benefit and the possible tax charge associated with it.
The UK government supports households with children by paying a childcare amount to the parents or guardians.
The benefit
This amount is paid after every four weeks, into the account of the person making the claim for the childcare benefit. It is paid according to the following rates:
|
Child |
Weekly rate |
|
Eldest or only child |
£25.60 |
|
Any other children |
£16.95 |
Eligibility
An
