2015 Report details for project: Tax-Free Childcare

Project name: Tax-Free Childcare - there are 5 reports for this project: 2015, 2016, 2017, 2018, 2019
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Organisation: HMRC (D25) - see all reports for this organisation
Report year: 2015 (data is from Sept 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.
Sourcefile: IPA_2015.csv

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Acknowledgement: GMPP data has been re-used under the Open Government Licence.