# Finance Act 2017, Paragraph 29


(1) Section 144 (deduction for payments for private use) is amended as follows.
(2) In subsection (1), for “calculated under step 7 of section 121(1)” substitute “ (see subsection (1A)) ”.
(3) After subsection (1) insert
“(1A) In this section “the provisional sum” means the provisional sum calculated under—
(a) step 7 of section 121(1) (method of calculating the cash equivalent of the benefit of a car), or
(b) step 2 of section 121A(1) (optional remuneration arrangements: method of calculating relevant amount).”
(4) In subsection (2), for the words from “so that” to the end substitute
“so that—
(a) in a case within subsection (1A)(a), the cash equivalent of the benefit of the car for the year is nil, or
(b) in a case within subsection (1A)(b), the relevant amount for the purposes of section 120A is nil.”
(5) In subsection (3)—
(a) for “In any other case” substitute “ Where subsection (2) does not apply, ” and
(b) for the words from “give” to the end substitute
“give—
(a) in a case within subsection (1A)(a), the cash equivalent of the benefit of the car for the year, or
(b) in a case within subsection (1A)(b), the relevant amount for the purposes of section 120A.”

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Source: https://www.legislation.gov.uk/ukpga/2017/10/schedule/2/paragraph/29 (the official version)
Page: https://openlegislation.uk/finance-act-2017/schedule-2/paragraph-29
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.