Experts flag changes to childcare rules
Parents living in England who claim the childcare element of working tax credit need to check that their childcare provider remains registered, the CIOT's Low Incomes Tax Reform Group has warned. If they continue to claim tax credits on childcare costs paid to unregistered providers, they could be left with large overpayments and "possibly even penalties", LITRG said.
LITRG has also drawn attention to two significant changes, taking effect from August 2009, to the "four week run-on" rules which provide that WTC continues to be paid in some circumstances for four weeks after a person has ceased work or reduced his or her working hours.
This week's issue of Tolley's Practical Tax newsletter (25 September) has more on this and other developments including:
- Donald Drysdale urges companies and tax agents to plan for imminent changes to corporation tax online filing.
- More on HMRC's change of view on CGT; penalties limit ISA options; HMRC questions construction industry bosses; accountant jailed in £2.5m fraud.
- Tax case summaries – section 20 notices, controlled foreign companies legislation, payments to retiring partners.
