Income Tax (Trading and Other Income) Act 2005 section 726

Meaning of "care provider"

Section 726 defines who qualifies as a "care provider" for the purposes of the income tax exemption for annual payments made under immediate needs annuities.

• A care provider must carry on a trade, profession or vocation that consists of or includes providing care, and must meet the relevant care registration requirement
• The care registration requirement varies depending on whether care is provided in England, Wales, Scotland or Northern Ireland, each of which has its own regulatory framework and registration body
• Care providers operating outside the United Kingdom must meet requirements under the law of that territory that are comparable to the UK registration requirements
• The Treasury has the power to amend this definition by order, allowing the rules to be updated as care registration frameworks change over time