Time of payment by way of a credit to a bank account or other account8

1

F5... This regulation applies where the tax credit or element is to be paid by way of a credit to a bank account or other account notified to F3the Commissioners.

2

F2F7Subject to paragraphs (2A) and (2B), the tax credit or element shall be paid—

a

each week; or

b

every four weeks,

in accordance with any election given by the person to whom payment is to be made.

F12A

If a person makes elections under paragraph (2) for child tax credit and any child care element of working tax credit to be paid at differing intervals, the elections shall have no effect and F3the Commissioners may pay the child tax credit and any child care element together either each week or every four weeks as appears to them to be appropriate.

F62B

Notwithstanding the terms of any election under paragraph (2), the Commissioners may pay the tax credit or element either each week or every four weeks as appears to them to be appropriate.

F43

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4

This regulation is subject to regulations 10 and 11.