Article 2

For article 3 of the Tax Credits Act 2002 (Commencement No. 1) Order 2002^f1 (claims for a tax credit relating to the tax year 2003–04—transitional provision) substitute the following article—

“Claims for a tax credit relating to the tax year 2003–04—transitional provision

3

(1)

For the purposes of the definition of “the previous year income” in section 7(5) of the Act—

(a)

any claim under the Act for a tax credit relating to the tax year 2003–04 shall be treated as if it were a claim for the tax year 2002–03, and

(b)

accordingly the previous year income in relation to such a claim shall be income for the tax year 2001–02.

(2)

In paragraph (1)—

• “the tax year 2001–02” means the tax year beginning on 6th April 2001 and ending on 5th April 2002,

• “the tax year 2002–03” means the tax year beginning on 6th April 2002 and ending on 5th April 2003, and

• “the tax year 2003–04” means the tax year beginning on 6th April 2003 and ending on 5th April 2004.”.