The Income Tax (Pay As You Earn) (Amendment No. 2) Regulations 2017 No. 1263

Amendment of the Income Tax (Pay As You Earn) Regulations 2003

4.  In regulation 61D (deduction and repayments of tax: general rule) in paragraph (1) Step 1—

(a) after the first occurrence of “cash equivalent” insert “, the relevant amount or amount foregone in respect”, and

(b) after the second occurrence of “cash equivalent” insert “, the relevant amount or amount foregone in respect”.