Sch 2 para 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).