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Welfare Reform Act 2012

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Changes over time for: Cross Heading: Working tax credit

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Point in time view as at 31/10/2019.

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Welfare Reform Act 2012, Cross Heading: Working tax credit is up to date with all changes known to be in force on or before 04 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

Working tax creditU.K.

76Calculation of working tax creditU.K.

(1)Step 5 in regulation 7(3) of the 2002 Regulations has effect in relation to awards of working tax credit for the whole or part of the relevant year as if from the beginning of the day on 6 April 2011 the percentage to be applied under step 5 in finding the amount of the reduction were 41% (instead of 39%).

(2)Anything done by the Commissioners before the coming into force of this section in relation to awards of working tax credit for the whole or part of the relevant year is to be treated as having been duly done, if it would have been duly done but for being done on the basis that from the beginning of the day on 6 April 2011 the percentage to be applied under step 5 was 41%.

(3)In this section—

  • the 2002 Regulations” means the Tax Credits (Income Thresholds and Determination of Rates) Regulations 2002 (S.I. 2002/2008);

  • the Commissioners” means the Commissioners for Her Majesty's Revenue and Customs;

  • the relevant year” means the year beginning with 6 April 2011.

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