Employer Supported Childcare (Relevant Earnings and Excluded Amounts) Regulations 2011 come into force
Implementation date: 11 August 2011
The Regulations prescribe the meaning of “relevant earnings” and “excluded amounts” in ss.270B(1)(a) and 270B(1)(b) of the Income Tax (Earnings and Pensions) Act 2003. The Act provides limited tax relief where an employer provides qualifying childcare vouchers or contracts directly with a childcare provider, which is determined on the basis of an estimate of the employee’s relevant earnings. The Regulations have retrospective effect from 6 April 2011. The Regulations can be viewed on the UK legislation website.