The Tax Credits (Income Thresholds and Determination of Rates) Regulations 2002

Step 12 — finding the rate for the relevant period

Add together—

(a) the total of the amounts found under Step 2 for the elements of the tax credit (other than any child care element) after reduction in accordance with Step 6 or Step 11; and

(b) the amount found under Step 10 for any child care element after any reduction in accordance with Step 11.

This is the rate for the relevant period.

(4) “Child care element” has the meaning given by section 12(2) of the Act.

Determination of rate of child tax credit

8.—(1) In relation to a person or persons entitled to child tax credit, the rate shall be determined by finding the rate for each relevant period and, where necessary, adding together those rates.

(2) “Relevant period” means—

(a) in the case of a person or persons entitled to child tax credit only, any part of the period of award throughout which the maximum rate at which he or they may be entitled to the tax credit remains the same;

(b) in the case of a person or persons entitled to both child tax credit and working tax credit, any part of the period of award throughout which the maximum rate of child tax credit to which he or they may be entitled remains the same and both sub-paragraphs (a) and (b) of regulation 7(2) are met.

(3) The rate for each relevant period shall be found in accordance with the following steps—