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Finance Act 2004

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Changes over time for: Paragraph 2

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Point in time view as at 21/07/2009.

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There are currently no known outstanding effects for the Finance Act 2004, Paragraph 2. Help about Changes to Legislation

2(1)Chapter 4 of Part 3 of the Income Tax (Earnings and Pensions) Act 2003 (c. 1) (taxable benefits: vouchers and credit-tokens) is amended as follows.U.K.

(2)In section 84 (meaning of “non-cash voucher”)—

(a)in subsection (1), after paragraph (a) insert—

(ab)a childcare voucher,, and

(b)after subsection (2) insert—

(2A)In this Chapter “childcare voucher” means a voucher, stamp or similar document or token intended to enable a person to obtain the provision of care for a child (whether or not in exchange for it)..

(3)In section 87 (benefit of non-cash voucher treated as earnings), after subsection (3) insert—

(3A)In the case of a childcare voucher, the reference in subsection (3)(b) to the services for which the voucher is capable of being exchanged is to the provision of care for a child which may be obtained by using it..

(4)In section 95 (disregard for money, goods or services obtained), after subsection (3) insert—

(3A)In the case of a childcare voucher, the reference in subsection (2)(a) to the services obtained in exchange for the voucher is to the provision of care for a child obtained by using it..

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