MagicBooking partners with HMRC to revolutionise Tax-Free Childcare payments for schools and clubs

WANDSWORTH, U.K. - Jan. 28, 2025 - PRLog -- MagicBooking, a UK-based booking, payment, and admin system for schools, clubs, and childcare providers, has partnered with HMRC to offer a fully integrated Tax-Free Childcare (TFC) payment solution. This feature will revolutionise the childcare payment process, reducing administrative burdens and creating a smoother, faster, more accessible experience for parents and providers.

Supporting Families with Tax-Free Childcare

Tax-Free Childcare helps working parents cover childcare costs. For every £8 a parent deposits, the government contributes £2, with an annual cap of £2,000 per child, or £4,000 for children with disabilities.

Streamlining Accessibility for Parents and Providers

For years, MagicBooking has supported providers processing TFC payments, but the integration with existing systems posed challenges. Providers had to manually reconcile TFC payments, creating time-consuming tasks. Parents faced confusion at checkout, needing to log into HMRC systems, and sometimes experienced account freezes while awaiting reconciliation.

These issues highlighted the need for a streamlined solution, especially for families relying on TFC benefits.

Carine Grascher, CEO of MagicBooking, says, "Childcare should be accessible to all families. Our partnership with HMRC aims to create a smoother, more equitable solution for both parents and providers."

Improving the Payment Experience

With the new integration, parents can make TFC payments instantly via MagicBooking, eliminating the need to log into HMRC. The system also features automated payment reconciliation, saving childcare providers valuable time and reducing errors.

Parents can view balances, validate TFC codes, and make payments all in one simple process. Providers will benefit from streamlined, error-free reconciliation, saving time and reducing admin burdens.

Franck Merlin, CTO of MagicBooking, explains, "This integration simplifies the TFC payment process, allowing providers to focus on supporting children and growing their businesses."

Addressing Industry Challenges

With rising costs and inflation, MagicBooking's TFC integration ensures that TFC benefits are easily accessed, removing administrative bottlenecks.

The new feature will initially be offered for free, transitioning to a paid add-on after a few months, allowing providers to evaluate the feature's value.

Why MagicBooking Stands Out

MagicBooking is one of the first platforms to offer a fully integrated TFC payment solution, automating the process to ensure a smooth, efficient experience for parents and providers.

Theo Merlin, COO of MagicBooking, concludes, "We're proud to lead the way in simplifying childcare payments, making services more accessible to families who need them most."

SITE: https://magicbooking.co.uk/?utm_source=HMRC&utm_mediu...