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United Kingdom Statutory Instruments |
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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Taxation of Benefits under Government Pilot Schemes (Up-Front Childcare Fund) Order 2008 No. 1464 URL: http://www.bailii.org/uk/legis/num_reg/2008/uksi_20081464_en_1.html |
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Made
9th June 2008
Laid before the House of Commons
9th June 2008
Coming into force
1st July 2008
The Treasury make the following Order in exercise of the powers conferred by section 151(1)(a) and (7)(a) of the Finance Act 1996(1).
1. This Order may be cited as the Taxation of Benefits under Government Pilot Schemes (Up-Front Childcare Fund) Order 2008 and shall come into force on 1st July 2008.
2. The Income Tax Acts shall have effect in relation to any amount of benefit payable by virtue of the Government pilot scheme known as the Up-Front Childcare Fund as if it was exempt from income tax as employment income under Part 2 of the Income Tax (Earnings and Pensions) Act 2003.
Dave Watts
Frank Roy
Two of the Lords Commissioners of Her Majesty´s Treasury
9th June 2008
(This note is not part of the Order)
This Order is concerned with benefit payable under the Government pilot scheme known as the Up-Front Childcare Fund. The Order provides that any amount of benefit payable by virtue of that pilot scheme is to be treated as exempt from income tax under Part 2 (employment income: charge to tax) of the Income Tax (Earnings and Pensions) Act 2003.
A full and final Impact Assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.
