Regulation 8 Amount of subsidyI1
United Kingdom
(1)
If a subsidy is provided in cash, the gross cash amountf1 given is to be used in determining the amount of the subsidy.
(2)
If a subsidy is provided otherwise than in cash, the amount of the subsidy given is to be determined by reference to the gross cash equivalent of the subsidy.
Annotations
Commencement
Footnotes
- f1
-
Section 82(1) of the Subsidy Control Act 2022 provides that the Secretary of State may by regulations make provision about how the gross cash amount, and the gross cash equivalent amount, is to be determined for the purposes of these Regulations.