F1SCHEDULEMODIFICATION OF TAX CREDITS LEGISLATION (FINALISATION OF TAX CREDITS)

Annotations:
Amendments (Textual)

Modifications to the Tax Credits (Income Thresholds and Determination of Rates) Regulations 200226

In regulation 7(3) (determination of rate of working tax credit)—

a

in Step 1, in the definition of “MR”, after “maximum rate” insert “(determined in the manner prescribed at the date on which the award of the tax credit terminated)”;

b

in Step 3—

i

in the definition of “I”, before “tax year” insert “part”;

ii

in the definition of “N1”, before “tax year” insert “part”.