Reply To: Tax Credits – predicted changes

#833
janish
Participant

a. Add amount in Inintial CTC payment box to the amount shown in the first Revised payment box.
b. Work out the number of days between 6/4/03 and the date in the date of change box BELOW the first Revised payment box.
Divide the total at a. by the number of days at b. and multiply by 7. This is the amount payable for the first period of the award.
c. Work out the number of days between the day after the date of change as used above and 5/4/04, add 1 for the leap year. (assuming this period covers Feb 04)
d. Divide the Revised payment amount shown BELOW the date of change box used above by the number of days at c. and multiply by 7. This is the amount payable for the second period.

Hope this helps