# Finance Act 2021, Section 23: Cash equivalent benefit of a zero-emissions van


(1) Section 155 of ITEPA 2003 (cash equivalent of the benefit of a van) is amended in accordance with subsections (2) and (3).
(2) In subsection (1B)—
(a) in paragraph (a), for “2021-22” substitute “ 2020-21 ”;
(b) omit the “and” at the end of that paragraph;
(c) after that paragraph insert—
(aa) if the van cannot in any circumstances emit CO2 by being driven and the tax year is 2021-22 or a subsequent tax year, the cash equivalent is nil, and
.
(3) In subsection (1C) omit paragraph (g).
(4) In section 170 of ITEPA 2003 (orders etc relating to Chapter 6 of Part 3 of ITEPA 2003), in subsection (1A)—
(a) in paragraph (b), after “zero-emission van” insert “ in tax years 2015-16 to 2020-21 ”;
(b) omit the “and” at the end of that paragraph;
(c) after that paragraph insert—
(ba) section 155(1B)(aa) (cash equivalent for zero-emissions vans in tax year 2021-22 and subsequent tax years), and
.

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Source: https://www.legislation.gov.uk/ukpga/2021/26/section/23 (the official version)
Page: https://openlegislation.uk/finance-act-2021/section-23
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.