Regulation 16A Payments that may be made from childcare accountsF1

A payment is treated as a permitted payment where it includes a reasonable fee payable to an intermediary.

For the purposes of paragraph (1), where there is more than one intermediary in the payment chain the total of all fees must be reasonable.

In this regulation “intermediary” means a supplier of an electronic payment system which allows persons to make payments into that system for the ultimate purpose of making payments to qualifying childcare providers.