The Income Tax (Care Leaver’s Apprenticeship Bursary Payment) Regulations 2020
These Regulations specify conditions that must be met in order for a payment to fall within the definition of a “care leaver’s apprenticeship bursary payment” at section 254A(2) of the Income Tax (Earnings and Pensions) Act 2003 (c. 1) (ITEPA). These conditions are relevant for the purposes of establishing whether or not the income tax exemption at section 254A(1) of ITEPA will be applicable to certain payments that would otherwise be taxable as employment income. The Regulations also specify conditions that must be met for a person to be a “care leaver” for the purposes of section 254A(3)(b) of ITEPA. Finally, they specify the meaning of an “apprentice” for the purposes of section 254A(4) of ITEPA (and these Regulations).