Amendment of the Income Tax (Pay As You Earn) Regulations 2003
This section has no associated Explanatory Memorandum
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”.