BAILII is celebrating 24 years of free online access to the law! Would you consider making a contribution?
No donation is too small. If every visitor before 31 December gives just £5, it will have a significant impact on BAILII's ability to continue providing free access to the law.
Thank you very much for your support!
 |
[Home] [Databases] [World Law] [Multidatabase Search] [Help] [Feedback] | |
United Kingdom Statutory Instruments |
||
|
You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Income Tax (Exempt Amount for Childcare Vouchers and for Employer Contracted Childcare) Order 2013 No. 513 URL: http://www.bailii.org/uk/legis/num_reg/2013/uksi_2013513_en_1.html |
||
[New search] [Printable PDF version] [Help]
Statutory Instruments
Income Tax
Made
6th March 2013
Laid before the House of Commons
7th March 2013
Coming into force
6th April 2013
The Treasury make the following Order in exercise of the powers conferred by sections 270A(11) and 318D(1) of the Income Tax (Earnings and Pensions) Act 2003(1).
1.-(1) This Order may be cited as the Income Tax (Exempt Amount for Childcare Vouchers and for Employer Contracted Childcare) Order 2013.
(2) This Order comes into force on 6th April 2013 and has effect for the tax year 2013-�14 and subsequent tax years.
2.-(1) The Income Tax (Earnings and Pensions) Act 2003 is amended as follows.
(2) In section 270A (limited exemption for qualifying childcare vouchers), in subsection (6ZA)(a)(2) for "£22" substitute "£25".
(3) In section 318A (childcare: limited exemption for other care), in subsection (6A)(a)(3) for "£22" substitute "£25".
Stephen Crabb
Robert Goodwill
Two of the Lords Commissioners of Her Majesty's Treasury
6th March 2013
(This note is not part of the Order)
This Order amends sections 270A(6ZA) and 318A(6A) of the Income Tax (Earnings and Pensions) Act 2003 ("ITEPA").
Section 270A ITEPA provides for a limited tax relief for childcare vouchers and section 318A ITEPA provides for a limited tax relief for directly contracted childcare. The amount of tax relief is determined on the basis of an estimate of an employee's relevant earnings for the tax year. For additional rate taxpayers the maximum weekly amount which can be subject to tax relief is £22.
This Order amends the maximum weekly amount which can be subject to tax relief with effect from 6th April 2013 to £25.
A Tax Information and Impact Note covering this instrument was published on 11th December 2012 and is available on the HMRC website at http://www.hmrc.gov.uk/thelibrary/tiins.htm. It remains an accurate summary of the impacts that apply to this instrument.
2003 c. 1. Section 270A(11) was inserted by paragraph 3 of Schedule 13 to the Finance Act 2004 (c. 12: "FA 2004") and amended by paragraph 2(6) of Schedule 8 to the Finance Act 2011 (c. 11: "FA 2011"). Section 318D(1) was substituted by paragraph 1 of Schedule 13 to FA 2004 and amended by paragraph 6 of Schedule 8 to FA 2011.
Section 270A(6ZA) was inserted by paragraph 2(5) of Schedule 8 to FA 2011.
Section 318A(6A) was inserted by paragraph 4(5) of Schedule 8 to FA 2011.
