# Finance Act 2016, Section 11: Cash 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.

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Source: https://www.legislation.gov.uk/ukpga/2016/24/section/11 (the official version)
Page: https://openlegislation.uk/finance-act-2016/section-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.