Amendment of the Tax Credits (Definition and Calculation of Income) Regulations 20027

1

Regulation 2(2) (interpretation) is amended as follows.

a

for the definition of “the Board” substitute—

  • “the Board” means the Commissioners for Her Majesty’s Revenue and Customs;

b

for the definition of “employment zone” substitute—

  • “employment zone” means an area within Great Britain—

    1. i

      subject to a designation for the purposes of the Employment Zones Regulations 200311 by the Secretary of State, or

    2. ii

      listed in the Schedule to the Employment Zones (Allocation to Contractors) Pilot Regulations 200512,

    pursuant to section 60 of the Welfare Reform and Pensions Act 199913;;

c

after the definition of “ITEPA” insert—

  • “ITTOIA” means the Income Tax (Trading and Other Income) Act 200514;

d

omit the definition of “Schedule D;”.