SCHEDULES

SCHEDULE 2Optional remuneration arrangements

Benefits in kind: amount treated as earnings

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1

Section 143 (deduction for periods when car unavailable) is amended as follows.

2

Before subsection (1) insert—

A1

This section has effect for the purposes of—

a

section 121(1) (method of calculating the cash equivalent of the benefit of a car), and

b

section 121B(1) (optional remuneration arrangements: meaning of “modified cash equivalent”).

3

In subsection (1), after “121(1)” insert “ or (as the case may be) step 4 of section 121B(1) ”.

4

In subsection (3), in the definition of “A”, at the end insert “ of section 121(1) or (as the case may be) step 4 of section 121B(1) ”.