Regulation 15 Calculation of income on a weekly basisI1
England, Wales and Scotland
For the purposes of section 20(6A) of the Act (conditions of entitlement to F1disabled person’s tax credit), the income of a claimant shall be calculated on a weekly basis—
by ascertaining in accordance with this Chapter and Chapter V of this Part (other income) the amount of his normal weekly income; F2...
by adding to that amount the weekly income calculated under regulation 40 (calculation of tariff income from capital) F3...
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For the purposes of paragraph (1) “income” includes capital treated as income under regulation 28 (capital treated as income) and income which a person is treated as possessing under regulation 29 (notional income).
Annotations
Textual amendments
- F1
Words in reg. 15(1) substituted (5.10.1999) by The Tax Credits Schemes (Miscellaneous Amendments) Regulations 1999 (S.I. 1999/2487), regs. 1(1), 26(2), Sch. 2 para. 2(viii)
- F2
Word in reg. 15(1) omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Income-related Benefits Schemes (Miscellaneous Amendments) (No.4) Regulations 1994 (S.I. 1994/1924), regs. 1(1), 3(3)(a)
- F3
Word in reg. 15(1) omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Tax Credits Schemes (Miscellaneous Amendments) Regulations 1999 (S.I. 1999/2487), regs. 1(1), 16(2)
- F4
Reg. 15(1)(c) omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Tax Credits Schemes (Miscellaneous Amendments) Regulations 1999 (S.I. 1999/2487), regs. 1(1), 16(2)
- F5
Reg. 15(1A) omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Tax Credits Schemes (Miscellaneous Amendments) Regulations 1999 (S.I. 1999/2487), regs. 1(1), 16(3)