F1SCHEDULE F21MODIFICATION OF TAX CREDITS LEGISLATION (FINALISATION OF TAX CREDITS)

Annotations:
Amendments (Textual)

Modifications to the Tax Credits (Income Thresholds and Determination of Rates) Regulations 200225

In regulation 2 (interpretation)—

a

after the definition of “the income threshold” insert—

  • “part tax year” means a period of less than a year beginning with 6th April and ending with the date on which the award of a tax credit terminated;

b

in the definition of “the relevant income” insert “as modified by the Universal Credit (Transitional Provisions) Regulations 2014” at the end.