Regulation 48 Entitlement to family credit where income exceeds the applicable amount
United Kingdom
The prescribed percentage for the purpose of section 21(3) of the Act (percentage of excess of income over applicable amount which is deducted from maximum F1working families' tax credit) shall be F255 per cent.
Annotations
Textual amendments
- F1
Words in reg. 48 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(xvii)
- F2
Word in reg. 48 substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Tax Credits Schemes (Miscellaneous Amendments) Regulations 1999 (S.I. 1999/2487), regs. 1(1), 10