PART 6CALCULATION OF CAPITAL AND INCOME
C1CHAPTER 2EARNED INCOME
C1Unused losses58
1
For the purpose of regulation 57(2), a person has an unused loss if—
a
in calculating the person's self-employed earnings for any of the previous F2... assessment periods, the amount resulting from steps 1 to 3 in regulation 57(2) was a negative amount (a “loss”), and
b
the loss has not been extinguished in a subsequent assessment period.
F11A
In this regulation “unused loss” does not include the loss from an assessment period that ends before 2nd April 2018.
2
For the purposes of paragraph (1)(b) a loss is extinguished if no amount of that loss remains after it has been deducted at step 5 in regulation 57(2).
3
Where a person was entitled to a previous award of universal credit and the last day of entitlement in respect of that award fell within the 6 months preceding the first day of entitlement in respect of the new award, the Department may, for the purposes of this regulation (provided the person provides such information as it requires), F3treat—
a
the assessment periods under the previous award; and
b
any months between that award and the current award in respect of which a claim has been made,
as assessment periods under the current award.
Pt. 6 Ch. 2 applied (coming into force in accordance with reg. 1(3) of the amending Rule) by The Social Security (Payments on Account of Benefit) Regulations (Northern Ireland) 2016 (S.R. 2016/223), regs. 1(3)(h), 13(7)