Time of payment by way of a credit to a bank account or other accountU.K.

8.—(1) F1... 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 [F2the Commissioners].

(2) [F3[F4Subject 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.

[F5(2A) 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 [F2the 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.]

[F6(2B) 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.]

F7(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(4) This regulation is subject to regulations 10 and 11.

Textual Amendments

F1Words in reg. 8(1) revoked (with effect from 1.4.2006, in accordance with reg. 1(3) of the amending S.I.) by The Tax Credit (Payment by Employers, etc.) (Amendment) Regulations 2005 (S.I. 2005/2200), regs. 1(1)(3), 9(2)(c)

F7Reg. 8(3) revoked (with effect from 1.4.2006, in accordance with reg. 1(3) of the amending S.I.) by The Tax Credit (Payment by Employers, etc.) (Amendment) Regulations 2005 (S.I. 2005/2200), regs. 1(1)(3), 9(2)(b)