Amendment of the Tax Credits (Definition and Calculation of Income) Regulations 20022

1

The Tax Credits (Definition and Calculation of Income) Regulations 20023 are amended as follows.

2

In regulation 2(2) (interpretation) immediately before the definition of “qualifying young person” insert—

“qualifying care receipts” has the meaning given to that expression by section 805 of the Income Tax (Trading and Other Income) Act 20054;

3

In Table 6 of regulation 19 (general disregards in the calculation of income) for item 95 substitute—

9

Any payment by way of qualifying care receipts to the extent that those receipts qualify for relief under Chapter 2 of Part 7 of the Income Tax (Trading and Other Income) Act 20056.