The childcare element of the working tax credit (WTC) can be a key source of support in helping parents with the cost of childcare. While many already have an understanding of how it works, it is worth checking from time to time that the information they hold is up to date. Nurseries may also want to consider embedding promotion of the childcare element of WTC into existing procedures. By raising awareness of the support available to meet childcare fees, nursery owners can help improve occupancy figures and therefore improve sustainability.
The facts
- The childcare element of the WTC should not be confused with the Child Tax Credit.
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