# Finance Act 2017, Paragraph 46


In section 184 (interest treated as paid), in subsection (1), for the words from “the cash equivalent” to the end substitute
“—
(a) the cash equivalent of the benefit of a taxable cheap loan is treated as earnings from an employee's employment for a tax year under section 175(1), or
(b) the relevant amount in respect of the benefit of a taxable cheap loan is treated as earnings from an employee's employment for a tax year under section 175(1A).”

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Source: https://www.legislation.gov.uk/ukpga/2017/10/schedule/2/paragraph/46 (the official version)
Page: https://openlegislation.uk/finance-act-2017/schedule-2/paragraph-46
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.