2016 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: 2016 (data is from Sept 2015)
Category: Transformation - see all reports for this category
Description: Under TFC the intention is to provide childcare accounts for all eligible children for which the first £8,000 deposited by parents or others is topped up by government by 20p for every 80p deposited, up to a maximum of £2,000 per child per year. The TFC programme will design and implement the TFC scheme. Accountability for TFC is divided between HMRC and HM Treasury (HMT). HMRC are responsible for TFC delivery and for outcomes on customer service such as correct payments and data security. HMT have responsibility for ensuring the scheme delivers its intended policy outcomes and for advising ministers on any further policy changes needed to ensure the outcomes continue to be achieved.
DCA (RAG): Amber
DCA text: On target to deliver TFC in line with revised go-live in early 2017.
Start date: 2013-09-10
End date: 2018-06-30
Schedule text: Data not Provided
Baseline: £41.87m
Forecast: £37.51m
Variance: -10.42%
Variance text: The 2015/16 Budget of £41.87m is taken from the Tax-Free ChildCare (TFC) Outline Business Case(OBC) version 2.1 approved by HMT & Cabinet Office in December 2014. Forecast spend is below budget due to a legal challenge from voucher providersin the existing Employer Supported Childcare (ESC) scheme, to the decision to appoint National Saving and Investment as the Childcare Account provider. Following the Supreme Court judgement re-planning and costing work is currently underway to reflect the revised go-live date.
Whole Life Cost: £241.83m
WLCost text: Data not Provided
Sourcefile: IPA_2016.csv

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