2015 Report details for project: Tax-Free Childcare
| Project name | Tax-Free Childcare - there are 6 reports for this project: 2015, 2016, 2017, 2018, 2019, 2020 |
|---|---|
| Google search | Google search on project name (opens in new window)  |
| Contracts | Contracts search (opens in new window) - under development |
| Organisation | HMRC (D25) - see all reports for this organisation |
| Report year | 2015 (data is from September 2014) |
| Category | Transformation - see all reports for this category |
| Description: | At Budget 2013, the Government announced the introduction of Tax-Free Childcare to benefit and support up to 1.9m working families. The Government will provide 20 per cent of working families childcare costs, subject to an annual limit of £2,000 contribution from the Government for each child. This is equivalent to basic rate tax relief of childcare costs up to £10,000 a year. The projects aims are to implement this policy. |
| DCA (RAG) | Amber/Red |
| DCA text: | The main drivers for the RAG status are the challenging delivery timeline set alongside a legal challenge from voucher providers in the existing employer supported childcare scheme to the decision to appoint National Savings and Investment as the childcare account provider for Tax-Free Childcare. |
| Start date | 2013-08-01 |
| End date | 2015-12-01 |
| Schedule text | Data not provided by department |
| Baseline | £30.40m |
| Forecast | £19.07m |
| Variance | 37.00% |
| Variance text: | Forecast spend was below budget due to the legal challenge imposing a suspension on the work that could be taken forward with National Savings and Investment. |
| Whole Life Cost | £31.79m |
| WLCost text: | The budgeted whole life cycle costs represent funding for the early development stages of the project only (13/14 and 14/15 costs) based on the delivery of childcare accounts in partnership with National Savings & Investment. |
| Notes1: | |
| Notes2: | |
| Sourcefile | IPA_2015.csv |
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Acknowledgement: GMPP data has been re-used under the Open Government Licence.