Amounts of payments12

1

The tax credit or element shall be paid in accordance with the most recent decision by F1the Commissioners under section 14(1), 15(1) or 16(1) of the Act.

2

Where the tax credit or element is to be paid other than by way of a single payment, it shall be paid so far as possible in such amounts as will result in the person to whom payment is to be made receiving regular payments of similar amounts over the entire period of award.

3

Where an award of tax credit is amended, the total amount paid prior to the award being amended F2may be taken into account by F1the Commissioners in determining the amount of any further payments for the remainder of the period of award.

F34

Where payments under section 24(4) of the Act are to be made the Commissioners may take any or both of the following factors into account in determining the amount of those payments—

a

the rate at which the person or persons were entitled to the tax credit for the relevant tax year;

b

the estimated amount of income the person or persons referred to above may receive in the current tax year.