The Tax Credits (Definition and Calculation of Income) (Amendment) Regulations 2003

Amendment of the principal Regulations

8.—(1) Amend regulation 7 as follows.

(2) In paragraph (1) omit sub-paragraph (b).

(3) In Table 3—

(a) in item 13 for “section 151(1) of the Taxes Act” substitute “section 665 of ITEPA”;

(b) in item 15 after “Industrial injuries benefit” insert “(except industrial death benefit)”;

(c) in item 16 for “section 151A of the Taxes Act” substitute “section 674 of ITEPA”;

(d) after item 20 insert—

“20A.   Statutory adoption pay under Part 12ZB of the Contributions and Benefits Act(1).”; and

(e) after item 21 insert—

“21A.   Statutory paternity pay under Part 12ZA of the Contributions and Benefits Act(2).”.

(4) Omit paragraph (5).

(5) After paragraph (5) insert—

“(5A) From the amount of social security income, calculated in accordance with the preceding provisions of this regulation, there shall be deducted any amount deductible for income tax purposes in computing social security income (as defined in ITEPA) under section 713 of ITEPA.”.

(1)

Part 12ZB was inserted by section 4 of the Employment Act 2002 (c. 22). See also paragraph (6) of regulation 7 of the principal Regulations in respect of the construction of statutory references in relation to Northern Ireland.

(2)

Part 12ZA was inserted by section 2 of the Employment Act 2002.