Section Sch50-“ 80KD — Income Tax Act 2007: What Commissioner must do on receipt of application

“ 80KD What Commissioner must do on receipt of application “ (1) This section applies when the Commissioner receives an application that complies with section 80KB. “ (2) The Commissioner must do the following: “ (a) determine under sections MD 1, or MD 1 and ME 1 of the Income Tax Act 2007, as applicable, the estimated amount of tax credit to which the person would be entitled for the selected period; and “ (b) calculate under section MF 3 of that Act the amount that, if the Commissioner gave a person a notice of entitlement for the whole selected period, would be the interim instalment of the tax credit that would be set out in the notice; and “ (c) for all or some of the selected period, give the person a notice (the notice of entitlement ) setting out— “ (i) the amount of the instalment of the tax credit to which the person is entitled; and “ (ii) the amount after abatement contributed by the family support to the instalment; and “ (iii) the amount of credit after abatement contributed by the in-work payment to the instalment; and “ (iv) the amount after abatement contributed by the child tax credit to the instalment; and “ (v) the amount after abatement contributed by the parental tax credit to the instalment; and “ (vi) the amount contributed by the family tax credit to the instalment. “ (3) The Commissioner must keep a copy of every notice of entitlement that is given under this section. “ Compare: 2004 No 35 s KD 5(4), (5)(a)