PART 2 Income for the purposes of tax credits
CHAPTER 4 Trading Income
F1Trading Income: in-year finalisation6A
This regulation applies where—
a
an award of universal credit is made to a person who was previously entitled to a tax credit;
b
the award of that tax credit has terminated;
c
the date on which the award terminated falls in the tax year to which that award relates (“the relevant tax year”); and
d
the claimant carried on a trade, vocation or profession during the part tax year.