{
  "url": "https://openlegislation.uk/tax-credits-income-thresholds-and-determination-of-rates-amendment-regulations-2024/note",
  "json_url": "https://openlegislation.uk/tax-credits-income-thresholds-and-determination-of-rates-amendment-regulations-2024/note.json",
  "legislation": "uksi/2024/510",
  "legislation_title": "The Tax Credits (Income Thresholds and Determination of Rates) (Amendment) Regulations 2024",
  "legislation_url": "https://openlegislation.uk/tax-credits-income-thresholds-and-determination-of-rates-amendment-regulations-2024",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nRegulation 2 of these Regulations corrects an error in the formula in Step 4 of regulation 7(3) of the Tax Credits (Income Thresholds and Determination of Rates) Regulations 2002 (“the Thresholds Regulations”) (S.I. 2002/2008). Regulation 4(3) of the Tax Credits, Child Benefit and Guardian’s Allowance Up-Rating Regulations 2024 (S.I. 2024/247) (the “Up-rating Regulations”) should have amended the formula in Step 4 of regulation 7(3) of the Thresholds Regulations to reflect the increase to the threshold for working tax credit to £7,955 by regulation 4(2)(a) of the Up-rating Regulations. Due to a typographical error, the figure of £7,995 was inserted into the formula in Step 4 of regulation 7(3) of the Thresholds Regulations.\nA full impact assessment has not been produced for this instrument as no impact on the private, voluntary or public sectors is foreseen.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2024/510/note",
    "retrieved_at": "2026-10-28T21:31:01.208240+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}