11Cash equivalent of benefit of a van
(1)Section 155 of ITEPA 2003 (cash equivalent of the benefit of a van) is amended as follows.
(2)In subsection (1B)(a), for “2019-20” substitute “2021-22”.
(3)In subsection (1C), for paragraphs (b) to (e) substitute—
“(b)20% for the tax year 2016-17;
(c)20% for the tax year 2017-18;
(d)40% for the tax year 2018-19;
(e)60% for the tax year 2019-20;
(f)80% for the tax year 2020-21;
(g)90% for the tax year 2021-22.”
(4)The amendments made by this section have effect for the tax year 2016-17 and subsequent tax years.