The Universal Credit (Transitional Provisions) Regulations 2014 No. 1230

[F1 SCHEDULE U.K. MODIFICATION OF TAX CREDITS LEGISLATION (FINALISATION OF TAX CREDITS)

Textual Amendments

F1 Sch. inserted (13.10.2014) by The Universal Credit (Transitional Provisions) (Amendment) Regulations 2014 (S.I. 2014/1626), reg. 1(2), 4(2)

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

26.   In regulation 7(3) (determination of rate of working tax credit)—

(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”.]