The Income Tax (Care Leaver’s Apprenticeship Bursary Payment) (Amendment) Regulations, SI 2023/482, amend the definition of ‘care leaver’s apprenticeship bursary payment’ for the purposes of the income tax exemption in ITEPA 2003 s 254A. The changes mean that, from 1 August 2023, the exemption will cover a maximum payment of £3,000 (increased from £1,000) and will also apply for payments made in instalments (up to a total of £3,000 in aggregate). The extended amount reflects the new payments made to care leavers who start a statutory apprenticeship in England on or after 1 August, ensuring the full amount of the payment falls within the s 254A income tax exemption.
The Income Tax (Care Leaver’s Apprenticeship Bursary Payment) (Amendment) Regulations, SI 2023/482, amend the definition of ‘care leaver’s apprenticeship bursary payment’ for the purposes of the income tax exemption in ITEPA 2003 s 254A. The changes mean that, from 1 August 2023, the exemption will cover a maximum payment of £3,000 (increased from £1,000) and will also apply for payments made in instalments (up to a total of £3,000 in aggregate). The extended amount reflects the new payments made to care leavers who start a statutory apprenticeship in England on or after 1 August, ensuring the full amount of the payment falls within the s 254A income tax exemption.
