Workplace nursery tax exemption schemes

Have the recent news stories around workplace nursery tax exemption schemes prompted you to ask questions about your company’s solution?

You may have seen workplace nursery tax exemption schemes hitting the headlines, with HMRC opening enquiries into organisations who offer a certain type of these schemes to their employees. Reports of taxation needing to be repaid and the resulting implications for both parents and employers have undoubtedly raised questions and concerns.

However, it is important to note that if the nursery is onsite, or is financed and managed offsite, then these schemes are operating appropriately and employers can continue to lead the way in providing employer subsidised childcare as part of their retention and attraction package, establishing them to be an employer of choice for many working parents.

Paul Quartly, Head of Enterprise Sales, at Bright Horizons shares his view on the recent media story:

“Bright Horizons has been supporting the needs of working families and their employers for over 35 years, and as a result we have worked hard to establish robust and trusted schemes for both Workplace Nurseries, and Workplace Nursery Partnerships which provide parents with reassuringly high-quality and convenient care supported by their employer.

We talk to employers everyday who are looking for effective solutions that ensure their employees can return to the workplace in the best way possible, and we share their mission and purpose to provide affordable, childcare.”

If you are concerned your current workplace nursery scheme might be challenged or at risk, you can discover more about Bright Horizons’ solutions here, or choose to speak to one of our expert team.

*Parents using tax-cutting childcare schemes face crackdown (The Telegraph)