Amendment of the Tax Credits (Definition and Calculation of Income) Regulations 2002
This section has no associated Explanatory Memorandum
19.—(1) Regulation 19 (general disregards in the calculation of income) is amended as follows.
(2) In Table 6—
(a)in item 9 for “Schedule 36 to the Finance Act 2003.” Substitute “Chapter 2 of Part 7 of ITTOIA.”; and
(b)in item 11(a) for “section 327A of the Taxes Act;” substitute “sections 744 to 746 of ITTOIA;”.
(3) In Table 8, in items 3 and 4, in the entries in column 2—
(a)in paragraph (a)—
(i)omit “or gains”; and
(ii)for “paragraph 9 of Schedule 10 to the Finance (No. 2) Act 1992” substitute “section 791 to 794 of ITTOIA (full rent-a-room relief)”; and
(b)in paragraph (b) for “or gains by paragraph 11 of that Schedule” substitute “by section 795 to 798 of ITTOIA (alternative calculation of profits if amount exceeds limit)”.