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Tax Credits Act 2002

Tax Credits Act 2002

2002 CHAPTER 21

Commentary on Sections

Part 1: Tax Credits

Section 5: Period of awards

46.Section 5 sets out how long tax credit awards last and what brings an award to an end. A claim made before a tax year starts gives rise to an award for the full tax year (subsection (1)). Otherwise, the tax credit award starts on the date of claim and runs to the end of the tax year (subsection (2)). Subsection (3) makes clear that these provisions are subject to any decision by the Board under section 16 to terminate an award.

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