Initial calculations forecast a five-fold increase in the take-up of vouchers in the first year of the new voucher scheme, which was introduced last week.
Some employers have offered vouchers for childcare but until now they have only been free from National Insurance contributions for companies and their staff. Under the new scheme the first 50 a week in vouchers is free from tax and national insurance for staff, and free from National Insurance for employers.
Nancy Weeden, childcare services manager for Sodexho Pass, which runs a long-established childcare voucher scheme, said it had been inundated with enquiries, including calls from smaller businesses eager to offer workers more advantages.
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