Section MF 1 — Income Tax Act 2007: Application for payment of tax credit by instalment

MF 1 Application for payment of tax credit by instalment When this section applies (1) This section applies when— (a) a person who is a principal caregiver expects to be entitled, throughout a selected period, to a tax credit under section MD 1 (Abating WFF tax credit) or, as applicable, sections MD 1 and ME 1 (Minimum family tax credit); and (b) section MF 2 does not apply to the person; and (c) the person wants the tax credit to be paid by instalment before the end of the tax year that contains the selected period. Application (2) The person may ask the Commissioner to pay the tax credit by instalment to them. Meaning of selected period (3) Selected period is a relationship period chosen by the person for the purposes of this section and sections 80KA to 80KG of the Tax Administration Act 1994. Defined in this Act: Commissioner , pay , principal caregiver , relationship period , selected period , tax credit , tax year , Compare: 2004 No 35 s KD 5(1), (1A) Section MF 1(1)(a): amended, on 1 April 2008, by section 483 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).