HM Revenue and Customs (HMRC) is piloting an online calculator to help employees ascertain if they will be better off financially by taking child tax credits, or childcare vouchers offered by their employer. Its calculations are based on how many children employees have parental responsibilities for, how many hours they work and what their average childcare costs are per week. The site is currently free to use and will initially be available until the end of February.
- For more information visit www.hmrc.gov.uk/calcs/ccin.htm.
