Tags: tax credits
If you qualify for Working Tax Credits then you may also be eligible for additional tax credits to help cover the cost of childcare. In order to qualify you must work a certain number of hours, be responsible for the child and the child must be cared for by a registered or approved childminder or setting such as a school, playgroup or club.
Tax credits won't cover the full cost of your childcare but may cover up to £122.50 for one child per week, or £210 for two children.The entitlement depends on your own earnings and how long you have been paying for childcare.
You can claim childcare tax credits at any time simply by phoning the Tax Credit Helpline on 0345 300 3900. Make sure also to report any changes in your circumstances because failure to do so could lead to money being clawed back at a later date.