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The Universal Credit (Transitional Provisions) Regulations 2013

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Modifications to the Tax Credits (Income Thresholds and Determination of Rates) Regulations 2002

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31.  In regulation 7(3)(1)—

(a)in Step 1, in the definition of “MR”, after “maximum rate” insert “(determined in the manner prescribed at the date on which the award of the tax credit terminated)”;

(b)in Step 3—

(i)in the definition of “I”, before “tax year” insert “part”;

(ii)in the definition of “N1”, before “tax year” insert “part”.

(1)

Reg 7(3) was amended by S.I. 2008/796, 2011/1035 and 2012/849.

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