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Paragraph 8

Not yet in force

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

The regulations may provide for the manner in which cash equivalents are to be calculated and verified.

(2)

The regulations may in particular—

(a)

provide that a cash equivalent is to be increased or reduced in prescribed circumstances;

(b)

make provision about the time by reference to which a cash equivalent is to be calculated for the purposes of a provision of the regulations.

(3)

Regulations made because of sub-paragraph (2)(a) may provide for a cash equivalent to be reduced to nil.