http://www.legislation.gov.uk/uksi/2011/1798/contents/made

The Employer Supported Childcare (Relevant Earnings and Excluded Amounts) Regulations 2011

Income tax

Tax

Pensions

Personal finance

en

King's Printer of Acts of Parliament

2016-02-03

INCOME TAX

Schedule 8 of the Finance Act 2011 amended sections 270A and 318A of, and inserted new sections 270B and 318AA into, the Income Tax (Earnings and Pensions) Act 2003 (“ITEPA”). These sections provide for limited tax relief where employers provide qualifying childcare vouchers or contract directly with childcare providers. As a result of these changes the amount of tax relief is determined on the basis of an estimate of an employee’s relevant earnings amount for the tax year. Under sections 270B and 318AA of ITEPA the “relevant earnings amount” is the sum of any “relevant earnings” and “amounts treated as earnings under Chapters 2 to 12 of Part 3 of ITEPA” less any “excluded amounts”.