Regulation 13 Calculation of income on a weekly basis

United Kingdom

(1)

For the purposes of section 20(5) of the Act (conditions of entitlement to F1working families' tax credit), the income of a claimant shall be calculated on a weekly basis—

(a)

by ascertaining in accordance with this Chapter and Chapter V of this Part (other income) the amount of his normal weekly income; F2...

(b)

by adding to that amount the weekly income calculated under regulation 36 (calculation of tariff income from capital); F3...

F4(c)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F5(1A)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F6(2)

For the purposes of paragraph (1) “income” includes capital treated as income under regulation 25 (capital treated as income) and income which a claimant is treated as possessing under regulation 26 (notional income).

Annotations

Textual amendments

F1: Words in reg. 13(1) substituted (5.10.1999) by The Tax Credits Schemes (Miscellaneous Amendments) Regulations 1999 (S.I. 1999/2487), regs. 1(1), 26(1), Sch. 1 para. 1(vii)
F2: Word in reg. 13(1) omitted (4.10.1994) by The Income-related Benefits Schemes (Miscellaneous Amendments) (No.4) Regulations 1994 (S.I. 1994/1924), regs. 1(2)(a), 4(3)(a)
F3: Word in reg. 13(1)(b) 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), 5(2)
F4: Reg. 13(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), 5(2)
F5: Reg. 13(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), 5(3)
F6: Reg. 13(02) substituted (8.10.1991) by The Family Credit (General) Amendment Regulations 1991 (S.I. 1991/1520), reg. 1(1), 3