Amendment of the Tax Credits (Payments by the Commissioners) Regulations 20025

1

The Tax Credits (Payments by the Commissioners) Regulations 200217 are amended as follows.

2

In regulation 12 (amounts of payment)18 for paragraph (4) substitute—

4

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.