Tax Credits and Childcare Vouchers:
Getting childcare vouchers can impact your entitlement to tax credits, though in the vast majority of cases you'll still gain. As a rough guide there is no problem using childcare vouchers if you only receive the basic £545 child tax credit. This is a rough guide only though:
To compare whether you are better off having Childcare Vouchers or the childcare element of Working Tax Credits please click here to access the calculator provider by HM Revenue & Customs and then select 'childcare indicator'.
When filling in claims for tax credits you must make sure you declare what childcare vouchers you're receiving.