Amendment of the Income Tax (Pay As You Earn) Regulations 20038
In paragraph (2) of regulation 61H (modification of the general rule: cessation of employment but continuing benefit)—
a
after the first occurrence of “cash equivalent” in Step 2 insert “, relevant amount or amount foregone”, and
b
after each subsequent occurrence of “cash equivalent” in Steps 2 and 4 insert “, relevant amount or amount foregone in respect”.