Article 2 Amendments to the Income Tax (Earnings and Pensions) Act 2003

(1)

The Income Tax (Earnings and Pensions) Act 2003 is amended as follows.

(2)

In section 150(1) (car fuel: calculating the cash equivalent)^f1, for “£27,800” substitute “£28,200”.

(3)

In section 155(1B)(b) (cash equivalent of the benefit of a van)^f2, for “£3,960” substitute “£4,020”.

(4)

In section 161(b) (van fuel: the cash equivalent)^f3, for “£757” substitute “£769”.

Annotations

f1: The figure specified in section 150(1) was last substituted by S.I. 2022/1288.
f2: Section 155 was substituted by paragraph 5 of Schedule 14 to the Finance Act 2004. Section 155(1B) was substituted by section 10(2) of the Finance Act 2015. The figure specified in section 155(1B)(b) was last substituted by S.I. 2022/1288.
f3: Section 161 was substituted by paragraph 5 of Schedule 14 to the Finance Act 2004. The figure specified in section 161(b) was last substituted by S.I. 2022/1288.