Quote:
Originally Posted by chrisl
Cheers guys, i have looked at those already, i did do a search but it only talks about the standard £55 per week. Nothing is mentioned about claiming more and whether you will be worse off by claiming the full £800 a month or if there will be a benefit but only a slight one.
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It is in those threads :
The best way to claim childcare vouchers via your own Limited Company is to pay £55 per week from your company account directly to your provider and the balance personally, the £55 PW can be claimed as an expense against corporation tax saving 21% and potentially another 25% in reduced dividends.
If you paid the whole cost from your childcare provider the balance over £55 would be a benefit in kind incurring tax personally and NI in your company making this option less attractive.
i.e. vouchers up to £55 and paid the rest yourself