TCTM07000 - Calculation of entitlement

Contents

The Tax Credits (Income Thresholds and Determination of Rates) Regulation 2002


TCTM07001Introduction to award calculations
TCTM07010Overview of steps in an award calculation
TCTM07020Step 1 – establishing the award period and the relevant period
TCTM07030Step 2 – calculating the maximum tax credit entitlement for each relevant period
TCTM07040Step 3 - determining whether income needs to be taken into account and applying income tapers (Reg 7 and 8)
TCTM07050Step 4 - Summary for the total Tax Credit due for each entitlement period.
TCTM07060Definitions: Entitlement, Element, Award period, Entitlement period.
TCTM07070Tax Credit income thresholds
TCTM07APPX1The rates and how to use them
TCTM07APPX2A worked example