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8.—(1) The regulations may provide for the manner in which cash equivalents are to be calculated and verified.
(2) The regulations may in particular—
(a)provide that a cash equivalent is to be increased or reduced in prescribed circumstances;
(b)make provision about the time by reference to which a cash equivalent is to be calculated for the purposes of a provision of the regulations.
(3) Regulations made because of sub-paragraph (2)(a) may provide for a cash equivalent to be reduced to nil.