EIM22005 - Benefits: exemptions: “other childcare” supported by the employer: rules from 6 April 2005
Section 318A ITEPA 2003
From 6 April 2005 a new exemption from income tax came into
force. The exemption applies to registered childcare or approved
home-childcare supported by the employer for the benefit of
employees. The exemption is limited to the first £55 a week
(£50 per week in year 2005- 06) of childcare costs. There is a
matching exemption from Class 1A NICs in the same amount. If the
employer meets childcare costs in excess of £55 per week
(£50 per week in year 2005-06) then the excess is subject to
income tax and NICs
This measure provides a limited exemption to arrangements
under which the employer engages with a commercial nursery or
approved child carer to provide care for the children of
employees.
