Amendment of the Tax Credits (Definition and Calculation of Income) Regulations 2002
This section has no associated Explanatory Memorandum
13. For regulation 9 (payments of income in connection with students to be disregarded for the purposes of regulation 3) substitute—
“Payments of income in connection with students to be disregarded for the purposes of regulation 3
9 Income which is exempt from income tax by virtue of section 753 or 776 of ITTOIA (which deal respectively with interest on the repayment of student loans and scholarship income) is disregarded in calculating a claimant’s income under regulation 3.”.