http://www.legislation.gov.uk/ukpga/2002/21/section/41/2017-11-16Tax Credits Act 2002An Act to make provision for tax credits; to amend the law about child benefit and guardian’s allowance; and for connected purposes.2002-07-17texttext/xmlenStatute Law Database2024-05-17Expert Participation2017-11-16 Part 1Tax creditsSupplementary Annual review411The Treasury must, in each tax year, review the amounts specified in subsection (2) in order to determine whether they have retained their value in relation to the general level of prices in the United Kingdom as estimated by the Treasury in such manner as it considers appropriate.2The amounts are monetary amounts prescribed—aunder subsection (1)(a) of section 7,bfor the purposes of any of paragraphs (a) to (d) of subsection (3) of that section,cunder section 9,dunder section 11, otherwise than by virtue of section 12, oreunder subsection (2) of section 13, otherwise than by virtue of subsection (3) of that section.3The Treasury must prepare a report of each review.4The report must include a statement of what each amount would be if it had fully retained its value.5The Treasury must publish the report and lay a copy of it before each House of Parliament.Pt. 1 modified (6.4.2003) by The Tax Credits (Immigration) Regulations 2003 (S.I. 2003/653), regs. 1, 4 (as amended (6.4.2003 immediately after the coming into force of S.I. 2003/738) by S.I. 2003/742, regs. 1(1), 56 (with reg. 1(2))Pt. 1 modified (6.4.2003 immediately after the coming into force of S.I. 2003/738) by The Tax Credits (Polygamous Marriages) Regulations 2003 (S.I. 2003/742), regs. 1(1), 3-21 (as amended (6.4.2017) by S.I. 2017/387, regs. 1, 7)S. 41 modified (16.3.2016) by Welfare Reform and Work Act 2016 (c. 7), ss. 12(2), 36(1)(b)