Paragraph 8

(1)

Schedule 11 to F(No.2)A 2017 (employment income provided through third parties: loans etc outstanding on 5 April 2019) is amended in accordance with this paragraph.

(2)

In paragraph 1 (relevant step)—

(a)

in sub-paragraph (3), for “section 554A(1)(e)(i) and (ii)” substitute “ sections 554A(1)(e)(i) and (ii) and 554AA(1)(h)(i) and (ii) ”;

(b)

in sub-paragraph (6)—

(i)

for “Sub-paragraph (1) is” substitute “ Sub-paragraphs (1) and (2) are ”, and

(ii)

at the end insert “ and paragraph 36A (double taxation: close companies) ”.