[F1162Van fuel: nil cash equivalentU.K.
This
adran has no associated
Nodiadau Esboniadol
(1)The cash equivalent of the benefit of the fuel is nil if condition A or B is met.
(2)Condition A is met if in the tax year in question—
(a)the employee is required to make good to the person providing the fuel the whole of the expense incurred by that person in connection with the provision of the fuel for the employee’s private use, and
(b)the employee does make good that expense.
(3)Condition B is met if in the tax year in question the fuel is made available only for business travel (see section 171(1)).]
Textual Amendments
F1Ss. 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