# The Education (Student Support) (Wales) Regulations 2018, Paragraph 17: Income from business or profession


(1) Sub-paragraph (2) applies where—
(a) the applicable financial year for the purposes of calculating P's residual income is PY-1, and
(b) the Welsh Ministers are satisfied that P's income is wholly or mainly derived from the profits of a business or profession carried on by P.
(2) Where this paragraph applies, P's residual income is P's income for the earliest period of twelve months ending in PY-1 in respect of which accounts are kept relating to P's business or profession.

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Source: https://www.legislation.gov.uk/wsi/2018/191/schedule/3/paragraph/17 (the official version)
Page: https://openlegislation.uk/education-student-support-wales-regulations-2018/schedule-3/paragraph-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.