Section 158A Van provided pursuant to optional remuneration arrangements: private useF1F2
In calculating the relevant amount under section 154A in relation to a van and a tax year, a deduction is to be made under step 2 of subsection (3) of that section if, as a condition of the van being available for the employee's private use, the employee—
is required in that year to pay (whether by way of deduction from earnings or otherwise) an amount of money for that use, and
pays that amount on or before 6 July following that year.
The amount of the deduction is—
the amount paid as mentioned in subsection (1)(b) by the employee in respect of the year, or
if less, the amount that would reduce the relevant amount to nil.
In this section the reference to the van being available for the employee's private use includes a reference to the van being available for the private use of a member of the employee's family or household.
Annotations
Textual amendments
- F1
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
- F2
S. 158A inserted (with effect in accordance with Sch. 2 para. 62 of the amending Act) by Finance Act 2017 (c. 10), Sch. 2 para. 38
Notes on Chapter 6
Modifications
- C1
Pt. 3 Ch. 6 modified (6.4.2020 for the tax year 2020-21) by Finance Act 2020 (c. 14), s. 9
- C2
Pt. 3 Ch. 6 modified (6.4.2021 for the tax year 2021-22) by Finance Act 2020 (c. 14), s. 10