Regulation 61E Method of calculating the cash equivalent or relevant amount in respect of the benefit of a car or vanF1F3

Where the specified benefit is the provision of a car or a van the cash equivalent F2or relevant amount is calculated in accordance with section 121, 121A, 154A or 155 of ITEPA, as the case may be.

For the purposes of paragraph (1), the authorised employer may take into account payments that the specified employee is required to make in the tax year as a condition of the car or van being available for that employee’s private use.