Finance Act 2017 (c. 10)

SCHEDULES

SCHEDULE 2 U.K. Optional remuneration arrangements

Other amendments U.K.

52 (1) In section 236 of ITEPA 2003 (interpretation of Chapter 2 of Part 4: exemptions for mileage allowance relief etc), in subsection (2)(b)— U.K.

(a) in the words before sub-paragraph (i), for “the cash equivalent of” substitute “ an amount in respect of ”;

(b) in sub-paragraph (i), after “120” insert “ or 120A ”;

(c) in sub-paragraph (ii), after “154” insert “ or 154A ”;

(d) in sub-paragraph (iii), after “203” insert “ or 203A ”.

(2) In section 236 of ITEPA 2003 (interpretation of Chapter 2 of Part 4), in subsection (2)(c), for “the cash equivalent of” substitute “ an amount in respect of ”.