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There are currently no known outstanding effects for the The State Pension Credit Regulations 2002, Paragraph 4.
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4.—(1) To calculate the representative weekly amount of an award of child tax credit—
(a)take the figure for the daily rate of the award on the migration day provided by HMRC and calculated on the basis of the information as to the claimant’s circumstances held by HMRC on that day; and
(b)convert to a weekly figure by multiplying by 7.
(2) For the purposes of sub-paragraph (1)(a) “the daily rate” is—
(a)in a case where section 13(1) of the Tax Credit Act 2002 (relevant income does not exceed the income threshold or the claimant is entitled to a prescribed social security benefit) applies, the maximum rate of each element to which the claimant is entitled on the migration day divided by 365; and
(b)in any other case, the rate that would be produced by applying regulations 6 to 9 of the Tax Credits (Income Thresholds and Determination of Rates) Regulations 2002 as if the migration day were a relevant period of one day.]
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