7.—(1) Where the calculation of an amount for the purposes of these Regulations results in a fraction of a penny, that fraction is to be disregarded if it is less than half a penny and otherwise it is to be treated as a penny.
(2) Where the calculation of an amount for the purposes of the following [F1provisions] results in a fraction of a pound that fraction is to be disregarded—
[F2(za)regulation 82(1)(a) (exceptions – earnings);]
(a)regulation 89 (claimants subject to no work-related requirements – the earnings thresholds); and
(b)regulation 97(6) (circumstances in which requirements must not be imposed). F3...
F3(c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) This regulation does not apply to the calculation in regulation 108 (daily reduction rate) for a reduction under Article 31 or 32 of the Order.
Textual Amendments
F1Word in reg. 7(2) substituted (coming into force in accordance with reg. 1 of the amending Rule) by The Universal Credit (Housing Costs Element for claimants aged 18 to 21) (Amendment) Regulations (Northern Ireland) 2017 (S.R. 2017/142), regs. 1, 2(2)(a) (with reg. 3)
F2Reg. 7(2)(za) inserted (coming into force in accordance with reg. 1 of the amending Rule) by The Universal Credit (Benefit Cap Earnings Exception) (Amendment) Regulations (Northern Ireland) 2017 (S.R. 2017/145), regs. 1, 2(2)
F3Reg. 7(2)(c) and preceding word omitted (31.12.2018) by virtue of The Universal Credit and Jobseekers Allowance (Miscellaneous Amendments) Regulations (Northern Ireland) 2018 (S.R. 2018/187), regs. 1(3), 3(2)