TCTM07001 - Calculation of entitlement: Introduction to award calculations
The amount of a tax credits award is based on the 바카라 사이트渁ward period바카라 사이트� and the 바카라 사이트渆ntitlement periods바카라 사이트� within the award.
A claim for tax credits made before the beginning of a tax year, results in an award of tax credits for the whole of the tax year or until the date the award is terminated.
If tax credits are paid after the beginning of a tax year, then any award of tax credits will be for the period beginning with the date of the claim and ending at the end of the tax year or until the award is terminated.
However, there can be more than one 바카라 사이트渆ntitlement period바카라 사이트� in an award for tax credits. For example a change of circumstances may occur that could result in an increase or decrease in the maximum rate of tax credits.
Please see TCTM07060 for a definition of the terms: entitlement, element, award period and relevant period.