Finance Act 2017

Benefits in kind: amount treated as earnings

18(1)Section 109 (priority of Chapter 5 over Chapter 1 of Part 3 of the Act) is amended as follows.

(2)In subsection (1)(a), for “the cash equivalent of the benefit of living accommodation” substitute “an amount”.

(3)In subsection (2), for “of the cash equivalent” substitute “mentioned in subsection (1)(a)”.

(4)In subsection (4), in the words before paragraph (a), for “cash equivalent of the benefit of the living accommodation” substitute “amount mentioned in subsection (1)(a)”.