2016 No. 393
The Tax Credits (Income Thresholds and Determination of Rates) (Amendment) Regulations 2016
Made
Coming into force
A draft of these Regulations was laid before, and approved by a resolution of, each House of Parliament in accordance with section 66(1) and (2)(a) of the Tax Credits Act 20021.
The Treasury make the following Regulations in exercise of the powers conferred by sections 7(3)(a) and (b), 65(1) and 672 of that Act.
Citation, commencement and effect1
1
These Regulations may be cited as the Tax Credits (Income Thresholds and Determination of Rates) (Amendment) Regulations 2016 and come into force on 6th April 2016.
2
These Regulations have effect in relation to awards of tax credits for the tax year beginning on 6th April 2016 and subsequent tax years.
Amendment of the Tax Credits (Income Thresholds and Determination of Rates) Regulations 20022
1
The Tax Credits (Income Thresholds and Determination of Rates) Regulations 20023 are amended as follows.
2
In regulation 5(a) (amounts prescribed for the purposes of section 7(3)(a) and (b) of the Act) for “£5,000” substitute “£2,500”.
(This note is not part of the Regulations)