© Nannytax 2018

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News and advice for the Nanny Industry

 


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This year, Nannytax celebrates 25 years of supporting families, nannies and nanny agencies in the UK. We’re proud to say there have been many accomplishments along the way. Take a look at some of our highlights from the past 25 years and be sure to check out our 25 Year infographic and interactive timeline.

 

 


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The Chancellor has now made his Autumn Budget and while the newspapers bemoan stagnant economic growth and hope for more affordable housing, we have to think calmly about how the announcements affect the nanny industry.

There are two aspects of the Budget that will affect nannies, nanny employers and nanny agencies.

 

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Payroll Plus, Pensions, Protection. Essential tools for any nanny employer.

When you employ a nanny in your home you get the ideal solution to your childcare needs, but you also become an employer, which entails a certain amount of administration and a number…

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What are Benefits in Kind?

As a nanny employer, if you offer additional benefits or ‘perks’ for your nanny, you will need to report these to Nannytax so we can report them to HMRC. As part of your nanny’s total earnings as they will be taxable.

What is considered a Benefit in Kind?


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Nannying is one of the very few professions where salaries are still sometimes agreed in net. This is not advisable for a number of reasons but very often people do not understand the implications of a gross or net salary. In this blog we answer some crucial questions to clarify the issue and explain why salaries should always be agreed in gross.