SCHEDULES
SCHEDULE 2Optional remuneration arrangements
Benefits in kind: amount treated as earnings
13
1
Section 102 (benefit of living accommodation treated as earnings) is amended as follows.
2
In subsection (1), for the words before paragraph (a) substitute “
This section applies if living accommodation to which this Chapter applies is provided in any period (“the taxable period”)—
”
.
3
The words in subsection (1) from “the cash equivalent” to the end become subsection (1A).
4
After subsection (1A) insert—
1B
If the benefit of the accommodation is provided pursuant to optional remuneration arrangements—
a
subsection (1A) does not apply, and
b
the relevant amount is to be treated as earnings from the employment for that tax year.
5
Omit subsection (2).
6
At the end insert—
4
Section 103A indicates how the relevant amount is determined.