Administration 85: Unclaimed Tax Free Childcare Receipts
Posted on 4 May 2021 by email@example.com
Are you expecting income from HMRC regarding National Savings Tax-free Childcare?
We currently have a large number of unidentified payments sitting in our suspense account.
If you are missing income please email Revenue (firstname.lastname@example.org) the amount you’re expecting , the child’s initials, as well as your full income code, all TFC income is posted to item code ” 9220” as this identifies it as WGA income .
Each payment a parent makes via the Tax-Free Childcare process, they will receive a payment reference – of which they must inform the school. The school in turn, should then inform Revenue who can match up the payment reference to that received on the DCC bank statement.
The reference format is the first initial of the child, first three characters of their surname, five numbers, followed by “TFC”.