Regulation 4 Partner’s paymentI1

Subject to fulfilment to an adjudication officer’s satisfaction of the requirement to provide information or documentation under regulation 7, a partner is entitled to claim a partner’s payment in respect of such part of the relevant period as the reservist is carrying on business in partnership with the partner, but see paragraph (7).

The amount of the partner’s payment is the total of the amounts payable to the partner for calendar months in the relevant period, determined in accordance with paragraphs (3) to (5).

For each calendar month part or all of which falls within the relevant period, the amount of the partner’s payment is calculated in accordance with the formula in paragraph (4).

The formula is—

$$\pounds X\times \frac{A}{B}$$

where—

1. (a)

   “A” is the number of days in the calendar month which fall within the relevant period;

2. (b)

   “B” is the number of days in the calendar month; and

3. (c)

   “£X” is—

   1. (i)

      where situation 1 applies on the first day of the calendar month, £500;

   2. (ii)

      where situation 2 applies on the first day of the calendar month, a proportion of £500 which is the same proportion of that amount as the number under paragraph (5)(b) is of 35.

For the purposes of this regulation—

The partner’s payment is paid in monthly instalments paid monthly in arrears to the partner on the last working day of every calendar month.

A partner is not entitled to claim a partner’s payment in respect of any part of a relevant period for which a payment has been made under this regulation to the partner or to another partner of the reservist.