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(ii) the amount by which the income tax to be charged on the individual for the year of assessment, other than in accordance with section 16(2), is reduced shall itself be reduced by the percentage of the relevant contract price which the actual payment amount represents,

(c)section 112A shall not apply to the relevant employee or the employer of the relevant employee.

(a) actual health expenses (within the meaning of section 469), being a contract of medical insurance, or

(b) dental expenses other than expenses in respect of routine dental treatment (within the meaning of section 469), being a contract of dental insurance;

“authorised insurer” has the meaning assigned to it by section 470;

“relevant contract price” is the amount that would be payable, by an individual who is neither a relevant employee nor connected with a relevant employee, under a relevant contract, by way of a bargain made at arm’s length, before deducting any amount the individual would have been entitled to deduct and retain by virtue of section 470(3)(a);

(a) for the purposes of section 470, the amount (referred to in this subsection and subsection (5) as the “notional payment amount”) shall be treated as if it was an amount paid—

(i)section 470(3) shall not apply to the notional payment amount, and

(ii)section 470(2) shall apply to the notional payment amount as if the relevant employee concerned had made a payment under a relevant contract of that amount to an authorised insurer.

(a)section 470(2) shall apply subject to the following modifications:

(b)section 470(3) shall apply subject to the following modifications:

“emoluments” has the meaning assigned to it by section 983;

“employee” includes an office holder and any person who is an employee within the meaning of section 983;