TCTM07040 - Calculation of awards: Step 3 - Determining whether income needs to be taken into account and applying income tapers

Contents

The Tax Credit (Income Thresholds and Determination of Rates) Regulations 2002, Reg 7 and 8

TCTM07041Determining whether income adjustments are due
TCTM07042Income periods
TCTM07043Income thresholds and taper rates
TCTM07044Income is equal to or less than income threshold
TCTM07045Income is greater than income threshold
TCTM07046Comparing the taper amount to the entitlement amount
TCTM07047Tapering the next entitlement
TCTM07048Calculating the daily rate

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