The Universal Credit (Transitional Provisions) Regulations 2014

[F1Modifications to the Tax Credits (Income Thresholds and Determination of Rates) Regulations 2002U.K.

This adran has no associated Memorandwm Esboniadol

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”.]

Textual Amendments