The Tax Credits (Miscellaneous Amendments) Regulations 2011

Amendment of the Tax Credits (Definition and Calculation of Income) Regulations 2002

2.—(1) The Tax Credits (Definition and Calculation of Income) Regulations 2002(1) are amended as follows.

(2) In regulation 2(2) (interpretation) immediately before the definition of “qualifying young person” insert—

““qualifying care receipts” has the meaning given to that expression by section 805 of the Income Tax (Trading and Other Income) Act 2005(2);”.

(3) In Table 6 of regulation 19 (general disregards in the calculation of income) for item 9(3) substitute—

“9   Any payment by way of qualifying care receipts to the extent that those receipts qualify for relief under Chapter 2 of Part 7 of the Income Tax (Trading and Other Income) Act 2005(4).”.

(1)

S.I. 2002/2006; relevant amending instruments are S.I. 2003/2815 and 2006/766.

(2)

Section 805 of the Income Tax (Trading and Other Income) Act 2005 (c. 5) was amended by paragraph 5 of Schedule 1 to the Finance (No 3) Act 2010 (c. 33).

(3)

Item 9 was substituted by S.I. 2003/2815 and amended by S.I. 2006/766.

(4)

The relevant amendments to Chapter 2 of Part 7 of the Income Tax (Trading and Other Income) Act 2005 were made by Schedule 1 to the Finance (No 3) Act 2010.