Commentary

E2.240 Calculation of tax credits—period of award

Personal and employment tax

E2.240 Calculation of tax credits—period of award

Calculation of tax credits—Award level

E2.240 Calculation of tax credits—period of award

The amount of a tax credit is based on the award period and on the entitlement period within the award1. Entitlement to a tax credit depends on the income of the claimant, or the combined income of joint claimants. See E2.230 regarding the definition and calculation of income for tax credits purposes2.

The maximum rates of the elements of child tax credit and working tax credit for a full tax year are set out in T6.200. These rates are time-apportioned, in effect, for any 'relevant period' shorter than

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