Regulation 5 Amendment of the Tax Credits (Definition and Calculation of Income) Regulations 2002
In Table 1 in regulation 4(4) of the Tax Credits (Definition and Calculation of Income) Regulations 2002f1, after the final entry, insert—
“22.The payment of a qualifying bonus within section 312A of ITEPAf2 (limited exemption for qualifying bonus payments).”.
Annotations
Footnotes
- f1
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S.I. 2002/2006; relevant amending instruments are S.I. 2012/848 and S.I. 2013/388.
- f2
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Regulation 2(2) of S.I. 2002/2006 defines “ITEPA” as the Income Tax (Earnings and Pensions) Act 2003 (c. 1). Section 312A was inserted by paragraphs 5 and 8 of Schedule 37(2) to the Finance Act 2014 and has effect in relation to payments received on or after 1st October 2014).