The Childcare Payments Bill was introduced in the House of Commons as Bill 7 of Parliamentary session 2014-15 and had its First Reading on 5 June 2014.
The Bill introduces a new Tax-free Childcare scheme to support eligible parents with childcare costs. Under the scheme, the Government would provide 20 per cent support on costs up to £10,000 per year for each child via an online account. The Government would top-up any payments made into the account, capped at a maximum Government contribution of £2,000 a year for each child.
The scheme w