Amendment of the Tax Credits (Definition and Calculation of Income) Regulations 20023

1

The Tax Credits (Definition and Calculation of Income) Regulations 200214 are amended as follows.

2

In regulation 4 (employment income)15, in Table 1 (payments and benefits disregarded in the calculation of employment income), omit entry 16A and entry 16B.

3

In regulation 6 (trading income)16, after “disregarding” insert “the relevant benefit amount in section 23E (tax treatment of relevant benefits)17 and”.

4

In regulation 10(2) (investment income)18, at the end of sub-paragraph (e), but before the full stop, insert—

; and

f

any interest on a payment made under, or in connection with, the Windrush Compensation Scheme19 administered by the Home Office, for the period beginning on the date on which the payment is made and ending 52 weeks after that date

5

In regulation 19 (general disregards in the calculation of income), in Table 6 (sums disregarded in the calculation of income), after entry 2220 insert—

23. Any discretionary payment made pursuant to the Discretionary Support Regulations (Northern Ireland) 201621.

24. Any payment made under, or in connection with, the Windrush Compensation Scheme administered by the Home Office.