Statutory Instruments
2006 No. 882
INCOME TAX
The Income Tax (Exempt Amounts for Childcare Vouchers and for Employer Contracted Childcare) Order 2006
Made
22nd March 2006
Laid before the House of Commons
22nd March 2006
Coming into force
6th April 2006
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 ).
Citation, commencement and effect
1. This Order may be cited as the Income Tax (Exempt Amounts for Childcare Vouchers and for Employer Contracted Childcare) Order 2006, shall come into force on 6th April 2006, and shall have effect for the year 2006-07 and subsequent years of assessment.
Amendment of the Income Tax (Earnings and Pensions) Act 2003
2. In the Income Tax (Earnings and Pensions) Act 2003, in section 270A(6)(a) (amount of limited exemption for qualifying childcare vouchers) and in 318A(6) (amount of limited exemption for qualifying employer contracted childcare), for “£50” substitute “£55”.
Tom Watson
Dave Watts
Two of the Lords Commissioners of Her Majesty’s Treasury
22nd March 2006
2003 c. 1 . Section 270A was inserted by paragraph 3 of Schedule 13 to the Finance Act 2004 (c. 12) and amended by section 15 and 16(4) of the Finance Act 2005 (c. 7) . Sections 318 to 318D were substituted for section 318 by paragraph 1 of Schedule 13 to the Finance Act 2004.