Section 318D Childcare: power to vary exempt amount and qualifying conditions
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Amendments
Section 318D effectively inserted by Finance Act 2004 section 78 and Schedule 13 para 1 for 2005-06 and later tax years.
(1) The Treasury may by order amend section 318A(6) (employer-contracted care: the exempt amount) so as to substitute a different sum of money for that for the time being specified.
(2) The Treasury may by regulations make such amendments of the provisions of sections 318 to 318C relating to the qualifying conditions for the exemptions conferred by sections 318 and 318A as appear to them appropriate having regard to the corresponding provisions of regulations under section 12 of the Tax Credits Act 2002 relating to entitlement to the child care element of working tax credit.
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