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HMRC internal manual

Tax Credits Manual

Extra information: glossary: I

Inflated income
International phone codes

Inflated income

Where the actual or estimated income hasn’t been provided for a year, the tax credits computer may ‘inflate’ the income details previously held in order to calculate the award for the next year.

To do this, the income amount that is held is inflated by the ‘average earnings inflation rate’. The resulting amount is known as ‘Inflated Income’.

Where this has happened, the inflated figure will continue to be used until it’s replaced by a figure provided by the customer.

International phone codes

Country Code Time difference
Belize 00501 GMT -6
Brunei 00673 GMT +8
Canada 001 GMT -3 to -8
Cyprus 00357 GMT +2
Falkland Islands 00500 GMT -4
Germany 0049 GMT +1
Gibraltar 00350 GMT +1
United States 001 GMT -5 to -10