- Latest available (Revised)
- Point in Time (29/08/2005)
- Original (As made)
Point in time view as at 29/08/2005. This version of this provision has been superseded.
You are viewing this legislation item as it stood at a particular point in time. A later version of this or provision, including subsequent changes and effects, supersedes this version.
Note the term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section.
There are currently no known outstanding effects for the The Tax Credits (Payments by the Commissioners) Regulations 2002, Section 14.
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
14.—(1) Subject to paragraphs (2) and (3), if by the end of the relevant period no bank account or other account has been notified to [F1the Commissioners] by the person to whom payment of a tax credit or element is to be made, that person shall cease to be entitled to the tax credit or element for the remainder of the period of the award until a bank account or other account is notified to [F1the Commissioners].
(2) Where a person who has ceased to be entitled to a tax credit or an element by virtue of paragraph (1) subsequently notifies to [F1the Commissioners] a bank account or other account, paragraph (1)—
(a)shall not have effect for the period of three months prior to the date on which [F1the Commissioners] receive the notification; and
(b)shall cease to have effect for the remainder of the period of award.
(3) Where there are exceptional circumstances which are expected to result in a person not being able to obtain a bank account or other account throughout the period of award, paragraph (1) shall not have effect in relation to that person’s entitlement to a tax credit or element for the period of award.
(4) “The relevant period” means whichever of the following periods ends latest—
(a)the period of 8 weeks beginning on the date on which [F1the Commissioners] [F2give] notice in writing for the purposes of this regulation to the person to whom payment is to be made of the requirement that a bank account or other account be notified to them;
(b)in cases where, within the period mentioned in sub-paragraph (a), the person to whom payment is to be made—
(i)requests from [F1the Commissioners] authority to open an account for which such authority is required; and
(ii)provides sufficient information from which [F1the Commissioners] can give that authority,
the period of 3 weeks beginning on the date on which [F1the Commissioners] [F2give] that authority;
(c)in cases where the person to whom payment is to be made has a reasonable excuse—
(i)for not being able to take all necessary steps to obtain a bank account or other account within whichever of the periods set out in sub-paragraph (a) or (b) ends latest; or
(ii)for not being able to notify to [F1the Commissioners] the bank account or other account within that period,
the period ending with the date by which the account can reasonably be expected to be notified to [F1the Commissioners].
(5) “Writing” includes writing produced by electronic communications that are approved by [F1the Commissioners].
Textual Amendments
F1Words in regs. 3-14 substituted (29.8.2005) by The Tax Credit (Payment by Employers, etc.) (Amendment) Regulations 2005 (S.I. 2005/2200), regs. 1(1), 7(4)
F2Word in reg. 14(4)(a)(b) substituted (6.4.2003) by The Tax Credits (Claims and Notifications and Payments by the Board) (Amendment) Regulations 2003 (S.I. 2003/723), regs. 1, 12
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Point in Time: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: