Paragraph 1 F1

United Kingdom

(1)

This paragraph applies where the van mentioned in section 159AA(1)—

(a)

is not a van to which Part II of this Schedule applies for the year concerned, or

(b)

is a van to which that Part applies for the year concerned but is a shared van (within the meaning there given) for part only of the year.

(2)

Subject to paragraphs 2 and 3 below, the cash equivalent of the benefit is—

(a)

£500, if the van is aged less than 4 years at the end of the year concerned;

(b)

£350, if the van is aged 4 years or more at the end of the year concerned.

Annotations

F1: Sch. 6A inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by 1993 c. 34, s. 73, Sch. 4 paras.7, 8

F1: Schs. 6, 6A, 7, 7A repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), Sch. 6 paras. 110, 111, Sch 8 Pt. 1 (with Sch. 7)
F2: Sch. 6A inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by 1993 c. 34, s. 73, Sch. 4 paras.7, 8

F1: Sch. 6A inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by 1993 c. 34, s. 73, Sch. 4 paras.7, 8

F1: Sch. 6A inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by 1993 c. 34, s. 73, Sch. 4 paras.7, 8