Regulation 61F Method of calculating the cash equivalent or amount foregone in respect of the benefit of fuelF1F3

Where the specified benefit is the provisions of car fuel or van fuel the cash equivalent F2or amount foregone in respect of that benefit is calculated in accordance with section 149A, 150, 160A or 161 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 during the tax year in connection with the provision of fuel for that employee’s private use.