Childcare accounts

Payments into childcare accounts
19
1
In this Act “qualifying payment” means any payment made into a childcare account, other than—
a
a top-up payment, or
b
a repayment of the whole or part of any payment made from the childcare account.
But for the purposes of paragraph (b) a withdrawal made by the account-holder is not to be regarded as a payment made from a childcare account.
2
Any person (including the account-holder) may make a qualifying payment into a childcare account during an entitlement period, provided that—
a
the account-holder has made a valid declaration of eligibility for the entitlement period, and
b
the child in respect of whom the account is held is a qualifying child at the time of the payment.
This is subject to any provision made by or under this Act.
3
More than one qualifying payment may be made into a childcare account during an entitlement period.
4
But the sum of any qualifying payments made into a childcare account in an entitlement period must not exceed the relevant maximum for the entitlement period.
5
The relevant maximum for an entitlement period is—
a
in the case of a disabled child, £4,000, and
b
in the case of any other child, £2,000.
This is subject to subsection (6).
6
Regulations may provide, or enable HMRC to provide, that in circumstances specified in the regulations the relevant maximum for an entitlement period is an amount—
a
specified in, or determined in accordance with, the regulations, or
b
determined by HMRC in accordance with powers conferred by the regulations.
7
Regulations may amend subsection (5) so as to substitute a different amount or amounts for any amount for the time being specified there.
8
For the purposes of subsection (4), any amount paid into a childcare account at any time during an entitlement period is to be disregarded if at a later time during the entitlement period an equivalent amount is withdrawn from the account by the account-holder.
9
The account provider must notify HMRC of any qualifying payments made into a childcare account.
10
In subsection (5) “disabled child” is to be read in accordance with regulations made under section 14(1).
S. 19 partly in force at Royal Assent; s. 19 in force for specified purposes at Royal Assent, see s. 75(1)(c)
S. 19(10) inserted (1.6.2015) by The Childcare Payments Act 2014 (Amendment) Regulations 2015 (S.I. 2015/537), regs. 1, 2(3)
Words in s. 19(5) substituted (1.6.2015) by The Childcare Payments Act 2014 (Amendment) Regulations 2015 (S.I. 2015/537), regs. 1, 2(2)
S. 19 in force at 14.11.2016 for the purposes of the trial by S.I. 2016/1083, reg. 2(c)
S. 19 in force at 21.4.2017 for specified purposes by S.I. 2017/578, reg. 2
S. 19 in force at 16.5.2017 so far as not already in force in respect of those recruited to participate in the trial by S.I. 2017/578, reg. 4
S. 19 in force at 14.7.2017 for specified purposes by S.I. 2017/750, reg. 2(1)(2)(d)
S. 19 in force at 24.11.2017 for specified purposes by S.I. 2017/1116, reg. 2
S. 19 in force at 15.1.2018 for specified purposes by S.I. 2018/27, reg. 2(1)(3)(4)
S. 19 in force at 14.2.2018 in so far as not already in force by S.I. 2018/27, reg. 2(2)(3)