The Tax Credits (Definition and Calculation of Income) Regulations 2002
PART 1General Provisions
1Citation, commencement and effect
2Interpretation
PART 2Income for the purposes of tax credits
CHAPTER 1General
3Calculation of income of claimant
Step One
Step Two
Step Three
Step Four
CHAPTER 2Employment Income
4Employment income
CHAPTER 3Pension Income
5Pension Income
CHAPTER 4Trading Income
6Trading income
CHAPTER 5Social Security Income
7Social security income
CHAPTER 6Student Income
8Student income
9Payments of income in connection with students to be disregarded for the purposes of regulation 3
CHAPTER 7Investment Income
10Investment income
CHAPTER 8Property income
11Property income
CHAPTER 9Foreign income
12(1) In these Regulations “foreign income” means income arising, in...
CHAPTER 10Notional Income
13Introduction
14Claimants treated for any purpose as having income by virtue of the Income Tax Acts
15Claimants depriving themselves of income in order to secure entitlement
16Claimants to whom income becomes available upon the making of a claim
17Claimants providing services to other persons for less than full earnings
CHAPTER 11Miscellaneous income
18Miscellaneous income
PART 3Sums disregarded in the calculation of income
19General disregards in the calculation of income

2002 No. 2006

TAX CREDITS

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

Made

Coming into force in accordance with regulation 1

Whereas a draft of this instrument, which contains the first regulations made under section 7(8) and (9) of the Tax Credits Act 20021, has been laid before, and approved by resolution of, each House of Parliament:

Now, therefore, the Treasury, in exercise of the powers conferred upon them by sections 7(8) and (9), 65(1), (7) and (9) and 67 of the Tax Credits Act 20022, hereby make the following Regulations: