General 83: Tax-Free Childcare Further Guidance
Posted on 30 June 2017 by education.finance
Following on from Blog entry General 80: Income Received from HMRC for Tax-Free Childcare, further guidance has been issued from the HMRC. 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”.