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Employer supported childcare: regulations

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The Employer Supported Childcare (Relevant Earnings and Excluded Amounts) Regulations, SI 2011/1798, define ‘relevant earnings’ and ‘excluded amounts’ for the purpose of estimating the relevant earnings amount in ITEPA 2003 ss 270B and 318AA (both inserted by FA 2011 Sch 8).

The tax relief available where employers provide qualifying childcare vouchers, or contract directly with childcare providers, is determined on the basis of an estimate of an employee’s relevant earnings amount for the tax year a result of the changes, HMRC said.