# The Tax Credits and Child Benefit (Miscellaneous Amendments) Regulations 2023, Regulation 2: Amendment of the Tax Credits (Definition and Calculation of Income) Regulations 2002


(1) The Tax Credits (Definition and Calculation of Income) Regulations 2002 are amended as follows.
(2) In regulation 6 (trading income) in the definition of “taxable profits”, at the end insert “, and any amount of transition profits for the tax year 2023-24 under Step 5 of paragraph 70(2) and paragraphs 72 and 73 of Schedule 1 (abolition of basis periods) to the Finance Act 2022.”.
(3) In regulation 7(1) (social security income)—
(a) after sub-paragraph (aa) insert—
“(ab) under regulations made under section 28 of the Social Security (Scotland) Act 2018;”;
(b) omit the “and” at the end of sub-paragraph (c); and
(c) after sub-paragraph (c) insert—
“(ca) by the Scottish Ministers in respect of the non-payment of a payment which ought to have been made under the regulations mentioned in sub-paragraph (ab); and”.

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Source: https://www.legislation.gov.uk/uksi/2023/179/regulation/2 (the official version)
Page: https://openlegislation.uk/tax-credits-and-child-benefit-miscellaneous-amendments-regulations-2023/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.