Reply To: Tax Credits – predicted changes

#837
Mark
Participant

It seems in your case that the 1st period is so short that it is covered by the one off payment only (the £153.24). I assume therefore that this must be the amount to take into account between 6/4/03 and 28/4/03. If I am right about this the £1837.80 should therefore be taken into account from 29/4/03 to 5/4/04. So:

1st period:

6/4/03-28/4/03 = 23 days
£153.24 / 23 days = £6.6626
£6.6626 X 7 = £46.64 to take into account

2nd period:

29/4/03-5/4/04 = 343 days
£1837.80 / 343 = £5.3580
£5.3520 X 7 = £37.51 to take into account