The tax exemption on employer-provided childcare vouchers may well be axed in the forthcoming Pre-Budget Report. This may well serve to reduce the appeal of many salary sacrifice schemes.
The loss of a favourite tax-free perk, if the
The ICAEW says that it understands that from April 2011 employees who join an employer supported voucher scheme will not be entitled to the existing tax and NICs exemptions, although existing recipients will be unaffected until April 2015.
Source: ICAEW Taxline