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HMRC internal manual

Tax Credits Technical Manual

HM Revenue & Customs
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Further disregards in the calculation of investment income: Annuity payments - Criminal Compensation Scheme

The Tax Credits (Definition and Calculation of Income) Regulations 2002, Reg. 10(2), Table 4, Item9.

When calculating investment income, disregard the following:

  • Annuity payments under an award of compensation made under the Criminal Injuries Compensation Scheme (within the meaning of section 732(3) of ITTOIA, but only to the extent of the amount of any payment which is not treated as being income of the claimant or his partner under section 731 of ITTOIA).