Amendment of the Income Tax (Pay As You Earn) Regulations 20035
In regulation 61E (method of calculating the cash equivalent of the benefit of a car or van)—
a
in the heading, after “cash equivalent” insert “or relevant amount in respect”, and
b
in paragraph (1) for the words “of that benefit” to “(cash equivalent of the benefit)” substitute “or relevant amount is calculated in accordance with section 121, 121A, 154A or 155 of ITEPA”.