The Tax Credits (Definition and Calculation of Income) Regulations 2002

1. Introductory Text

2. PART 1 General Provisions

   1. 1. Citation, commencement and effect

   2. 2. Interpretation

3. PART 2 Income for the purposes of tax credits

   1. CHAPTER 1

      General

      1. 3. Calculation of income of claimant

      2. Step One

      3. If the result of this step is £300 or less,...

      4. If the result of this step is more than £300,...

      5. Step Two

      6. Step Three

      7. Step Four

      8. Add the result of this step to that produced by...

      9. If there has been a trading loss in the year,...

   2. CHAPTER 2

      Employment Income

      1. 4. Employment income

   3. CHAPTER 3

      Pension Income

      1. 5. Pension Income

   4. CHAPTER 4

      Trading Income

      1. 6. Trading income

   5. CHAPTER 5

      Social Security Income

      1. 7. Social security income

   6. CHAPTER 6

      Student Income

      1. 8. Student income

      2. 9. Payments of income in connection with students to be disregarded for the purposes of regulation 3

   7. CHAPTER 7

      Investment Income

      1. 10. Investment income

   8. CHAPTER 8

      Property income

      1. 11. Property income

   9. CHAPTER 9

      Foreign income

      1. 12. (1) In these Regulations “foreign income” means income arising, in...

   10. CHAPTER 10

       Notional Income

       1. 13. Introduction

       2. 14. Claimants treated for any purpose as having income by virtue of the Income Tax Acts

       3. 15. Claimants depriving themselves of income in order to secure entitlement

       4. 16. Claimants to whom income becomes available upon the making of a claim

       5. 17. Claimants providing services to other persons for less than full earnings

   11. CHAPTER 11

       Miscellaneous income

       1. 18. Miscellaneous income

4. PART 3 Sums disregarded in the calculation of income

   1. 19. General disregards in the calculation of income

5. Signature

6. Explanatory Note