5.—(1) The Tax Credits (Payments by the Commissioners) Regulations 2002(1) are amended as follows.
(2) In regulation 12 (amounts of payment)(2) 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.”.
S.I. 2002/2173: these Regulations were originally described as the “Tax Credits (Payments by the Board) Regulations 2002”, however, S.I. 2005/2200 revoked the words “the Board” and inserted the words “the Commissioners” with effect from 29th August 2005.
Regulation 12 has been amended by S.I. 2005/2200 and S.I. 2007/824.