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

8.  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”.