Childcare accounts
I1I2I3I4I5I6I7I824Imposing restrictions on childcare accounts
1
If such conditions as may be specified in regulations are met, HMRC may make an account restriction order.
2
An “account restriction order” is an order imposing any of the following restrictions in relation to a childcare account specified in the order—
a
a restriction that prevents the making of any qualifying payments into the childcare account;
b
a restriction that prevents the making of any payments from the childcare account in respect of qualifying childcare.
3
Regulations may, in particular, provide that HMRC may make an account restriction order where—
a
a person wishes—
i
to open a childcare account in respect of a child, or
ii
to make a declaration of eligibility in relation to a childcare account held in respect of a child, and
b
another person holds a childcare account in respect of the child.
4
Regulations may make further provision about account restriction orders, including, in particular—
a
provision about the procedure for making an account restriction order;
b
provision enabling an account restriction order to impose a restriction for a period specified in the order (which may be unlimited);
c
provision enabling an account restriction order to provide that a restriction does not apply in such cases as may be specified in the order;
d
provision enabling a person who wishes to open a childcare account or make a declaration of eligibility to apply to HMRC for an account restriction order to be made in relation to another person who holds a childcare account;
e
provision enabling an account restriction order to be revoked, including provision for the account-holder to apply for its revocation;
f
provision specifying the circumstances in which such an application may be granted.
5
If an account restriction order is made in relation to a childcare account—
a
HMRC must give a copy of the order to the account-holder and to the account provider, and
b
the account provider must comply with the order.