Part 3Employment income: earnings and benefits etc. treated as earnings

C2C1Chapter 6Taxable benefits: cars, vans and related benefits

Annotations:
Modifications etc. (not altering text)
C2

Pt. 3 Ch. 6 modified (6.4.2020 for the tax year 2020-21) by Finance Act 2020 (c. 14), s. 9

C1

Pt. 3 Ch. 6 modified (6.4.2021 for the tax year 2021-22) by Finance Act 2020 (c. 14), s. 10

F4Van fuel: benefit treated as earnings

Annotations:
Amendments (Textual)
F4

Ss. 155-164 substituted for ss. 155-166 (with effect in accordance with s. 80(2) of the amending Act) by Finance Act 2004 (c. 12), Sch. 14 para. 5

162F4Van fuel: nil cash equivalent

1

The cash equivalent of the benefit of the fuel is nil if condition A or B is met.

2

Condition A is met if F3...—

a

F2in the tax year in question, the employee is required to make good to the person providing the fuel the whole of the expense incurred by that person in connection with the provision of the fuel for the employee’s private use, and

b

the employee does make good that expense F1on or before 6 July following that tax year .

3

Condition B is met if in the tax year in question the fuel is made available only for business travel (see section 171(1)).