12. In regulation 61LA(1) (modification of the general rule: failure to make good benefit of credit-token) in paragraph (2)—
(a)after each occurrence of “cash equivalent” in Step 1 insert “or relevant amount”, and
(b)after “section 94” insert “or 94A”.
Regulation 61LA was inserted by the Income Tax (Pay As You Earn) (Amendment No. 3) Regulations 2016, S.I. 2016/1137.