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.