- The charge for managing a childcare voucher scheme is based on a portion of the saving that the employer enjoys. This is payable monthly, at the same time that the value of the vouchers is paid.
- The management charge is subject to VAT @ 17.5%, but there is no VAT applicable to the vouchers.
- Employees joining the scheme will normally enter into an agreement, during which time the terms of the agreement cannot normally be varied, unless there is an unexpected lifestyle change, which is anything linked to birth, death or marriage. If an employee ceases to be employed by the employer, their entitlement simply ceases.
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