# The Income Tax (Pay As You Earn) (Amendment No. 2) Regulations 2017, Regulation 7: Amendment of the Income Tax (Pay As You Earn) Regulations 2003


In regulation 61G (method of calculating the cash equivalent of non-cash vouchers, credit-tokens and employment-related benefits)—
(a) in the heading after “cash equivalent” insert “or relevant amount”, and
(b) in paragraph (1) for the words “cash equivalent” to “as earnings).” substitute “cash equivalent or relevant amount of the specified benefit is to be calculated in accordance with section 87, 87A, 94, 94A, 203 or 203A of ITEPA, as the case may be.”.

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Source: https://www.legislation.gov.uk/uksi/2017/1263/regulation/7 (the official version)
Page: https://openlegislation.uk/income-tax-pay-as-you-earn-amendment-no-2-regulations-2017/regulation-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.