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Tax changes fuel boom in vouchers

The Busy Bees day nursery group is poised for a major expansion of its corporate childcare voucher business, fuelled by recent rises in national insurance contributions and the prospect of vouchers becoming a non-taxable benefit. Lichfield-based Busy Bees Corporate Childcare Vouchers, which currently has 16 staff, is set to move into larger premises and grow to 50 full-time workers by the end of the year.

Lichfield-based Busy Bees Corporate Childcare Vouchers, which currently has 16 staff, is set to move into larger premises and grow to 50 full-time workers by the end of the year.

David Thackray, who runs the voucher division, said, 'We expect our business to grow four-fold in this year alone. We are already recruiting to cope with this increasing demand and look to move to our larger premises after Easter.'

He added, 'Government legislation means that corporate childcare vouchers are exempt from national insurance contributions. People can make savings of up to one month's free childcare every year - making them a very valuable benefit for working parents.'

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