Finance Act 2017 (c. 10)

SCHEDULES

SCHEDULE 2 U.K. Optional remuneration arrangements

Benefits in kind: amount treated as earnings U.K.

16 (1) Section 105 (cash equivalent: cost of accommodation not over £75,000) is amended as follows. U.K.

(2) In subsection (1), after “equivalent” insert “ or modified cash equivalent ”.

(3) After subsection (2) insert—

“(2A) The modified cash equivalent is equal to the rental value of the accommodation for the taxable period.”