Modifications to the Tax Credits (Income Thresholds and Determination of Rates) Regulations
This section has no associated Explanatory Memorandum
27. In regulation 8(3) (determination of rate of child tax credit)(1)—
(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”.
(1)
Regulation 8(3) was amended by S.I. 2011/1035 and 2012/849.