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The Tax Credits (Income Thresholds and Determination of Rates) Regulations 2002
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- 2002 No. 2008
- Step 9 — finding the prescribed maximum child care costs for the relevant period
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Step 9 — finding the prescribed maximum child care costs for the relevant period
Divide whichever of the maxima in regulation 20(3) of the Working Tax Credit (Entitlement and Maximum Rate) Regulations 2002 is applicable by 7, round the result up to the nearest penny and multiply the resulting figure by the number of days in the relevant period.
The result of this is the prescribed maximum child care costs for the relevant period.
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