Nursery owners including Jennie Johnson of Kids Allowed and Ian Morgan of Little Ducklings Day Nursery have reported being unable to identify which payment through the Tax-Free Childcare (TFC) system relates to which child as parent references, which allow payments to be allocated to a parents’ account, are missing on provider receipts.
At the moment, references on all payments are showing up as ‘National Savings A’.
It comes as new Government figures show around a third of the number of families initially expected to use Tax-Free Childcare (TFC) have done so in the last tax year. According to the HMRC figures, a total of 160,000 families used TFC in the last year – well short of the 415,000 families the Government had hoped would be using the system by December 2017 at the outset.
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