Finance Act 2017

28 (1) Section 143 (deduction for periods when car unavailable) is amended as follows. U.K.

(2) Before subsection (1) insert—

“(A1) This section has effect for the purposes of—

(a) section 121(1) (method of calculating the cash equivalent of the benefit of a car), and

(b) section 121B(1) (optional remuneration arrangements: meaning of “modified cash equivalent”).”

(3) In subsection (1), after “121(1)” insert “ or (as the case may be) step 4 of section 121B(1) ”.

(4) In subsection (3), in the definition of “A”, at the end insert “ of section 121(1) or (as the case may be) step 4 of section 121B(1) ”.