Section 25 Closure of childcare accountsI1I2I3I4I5I6I7I8
Regulations may make provision about closing childcare accounts.
The provision that may be made by regulations under this section includes, in particular—
provision requiring a childcare account to be closed in specified circumstances or if specified conditions are met;
provision about what is to happen to any funds held in a childcare account when it is closed;
provision for the repayment to HMRC of a proportion of any such funds, calculated in accordance with the regulations.
In subsection (2) “specified” means specified in the regulations.
Annotations
Commencement
- I1
S. 25 partly in force at Royal Assent; s. 25 in force for specified purposes at Royal Assent, see s. 75(1)(c)
- I2
S. 25 in force at 14.11.2016 for the purposes of the trial by S.I. 2016/1083, reg. 2(c)
- I3
S. 25 in force at 21.4.2017 for specified purposes by S.I. 2017/578, reg. 2
- I4
S. 25 in force at 16.5.2017 so far as not already in force in respect of those recruited to participate in the trial by S.I. 2017/578, reg. 4
- I5
S. 25 in force at 14.7.2017 for specified purposes by S.I. 2017/750, reg. 2(1)(2)(d)
- I6
S. 25 in force at 24.11.2017 for specified purposes by S.I. 2017/1116, reg. 2
- I7
S. 25 in force at 15.1.2018 for specified purposes by S.I. 2018/27, reg. 2(1)(3)(4)
- I8
S. 25 in force at 14.2.2018 in so far as not already in force by S.I. 2018/27, reg. 2(2)(3)