TCTM07000 - Calculation of entitlement: Contents

TCTM07001

Introduction to award calculations

TCTM07010

Overview of steps in an award calculation

TCTM07020

Step 1 - establishing the award period and the relevant period

TCTM07030

Step 2 - calculating the maximum tax credits entitlement for each relevant period

TCTM07040

Step 3 - determining whether income needs to be taken into account and applying income tapers (Reg 7 and 8)

TCTM07050

Step 4 - Summary for the total tax credits due for each entitlement period.

TCTM07060

Definitions: Entitlement, Element, Award Period and Entitlement Period

TCTM07070

Tax credits income thresholds

TCTM07APPX1

The rates and how to use them

TCTM07APPX2

A worked example