Finance Act 2004

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.”.