Regulation 7 Amendment of the Tax Credits (Definition and Calculation of Income) Regulations 2002

for the definition of “the Board” substitute—

• ““the Board” means the Commissioners for Her Majesty’s Revenue and Customs;”;

for the definition of “employment zone” substitute—

• ““employment zone” means an area within Great Britain—

  1. (i)

     subject to a designation for the purposes of the Employment Zones Regulations 2003^f1 by the Secretary of State, or

  2. (ii)

     listed in the Schedule to the Employment Zones (Allocation to Contractors) Pilot Regulations 2005^f2,

  pursuant to section 60 of the Welfare Reform and Pensions Act 1999^f3;;”;

after the definition of “ITEPA” insert—

• ““ITTOIA” means the Income Tax (Trading and Other Income) Act 2005^f4;”; and

omit the definition of “Schedule D;”.