25Closure of childcare accounts
This section has no associated Explanatory Notes
(1)Regulations may make provision about closing childcare accounts.
(2)The provision that may be made by regulations under this section includes, in particular—
(a)provision requiring a childcare account to be closed in specified circumstances or if specified conditions are met;
(b)provision about what is to happen to any funds held in a childcare account when it is closed;
(c)provision for the repayment to HMRC of a proportion of any such funds, calculated in accordance with the regulations.
(3)In subsection (2) “specified” means specified in the regulations.