Regulation 2 Amendment of the Tax Credits (Definition and Calculation of Income) Regulations 2002

(1)

Regulation 4 (employment income) of the Tax Credits (Definition and Calculation of Income) Regulations 2002^f1 is amended as follows:

(2)

In paragraph (4), table 1 (payments and benefits disregarded in the calculation of employment income) after item 18 insert—

“19.

Provision of computer equipment in respect of which no liability to income tax arises by virtue of section 320 of ITEPA..^f2”

Annotations

f1: S.I. 2002/2006. Regulation 4 has been amended by the Tax Credits (Definition and Calculation of Income) (Amendment) Regulations 2003 S.I. 2003/732, the Tax Credits (Miscellaneous Amendments No 2) Regulations 2003 S.I. 2003/2815 and the Tax Credits (Miscellaneous Amendments) Regulations 2004 S.I. 2004/762.
f2: i.e. the Income Tax (Earnings and Pensions) Act 2003 (c. 1) as amended by section 79 of the Finance Act 2004 (c. 12).