Specifies what are “relevant earnings” and “excluded amounts” for the purposes of estimating the relevant earnings amount described in sections 270B and 318AA of the Income Tax (Earnings and Pensions) Act 2003 (ITEPA) inserted by Schedule 8 of the Finance Act 2011.
Published Date, 25 July 2011
Enactment Citation, SI 2011/1798
Commencement date, 11 August 2011
Summary
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.
