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HMRC Launch Pilot Childcare Indicator
Newsletter issue - January 07.
HMRC have launched a calculator on their website to help you decide whether you would be better off receiving tax credits or, instead, taking childcare vouchers from your employer to help you with your childcare costs.
This is because the taking of childcare vouchers can affect your entitlement to tax credits. The calculator is presently only a pilot version running until the end of February 2007.