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Regulation 11 Amendment of the Tax Credits (Definition and Calculation of Income) Regulations 2002

Original text. Later amendments are not shown.

(1)

Regulation 6 (trading income) is amended as follows.

(2)

For the second sentence substitute—

  • “Here “taxable profits” has the same meaning as it has in Part 2 of ITTOIA but disregarding Chapter 16 of that Part (averaging profits of farmers and creative artists).”.