SCHEDULES
F1Schedule 6A Taxation of Directors and Others in Respect of Vans
F2Part IISHARED VANS
Sch. 6A inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by 1993 c. 34, s. 73, Sch. 4 paras.7, 8
F3Alternative calculation
Sch. 6A inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by 1993 c. 34, s. 73, Sch. 4 paras.7, 8
F48
1
In a case where—
a
a figure is found under paragraph 5 or 7 above for a participating employee for a year, and
b
the employee makes a claim for this paragraph to be applied,
the figure found for the employee for the year shall be taken to be the alternative figure found under this paragraph.
2
The alternative figure is a figure found by—
a
taking for each van involved the number of relevant days;
b
aggregating the numbers found under paragraph (a) above where more than one van is involved;
c
multiplying the number found under paragraph (a) (or paragraphs (a) and (b)) above by £5.
3
For the purposes of sub-paragraph (2)(a) above a relevant day is a day which falls in the year and during which (or part of which) the employee, or a member of his family or household, makes private use of the van concerned while it is a shared van.
4
For the purposes of section 95 of the M1Taxes Management Act 1970 (incorrect return etc.) a claim under this paragraph shall be taken to be a claim for relief.
Sch. 6A inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment) by 1993 c. 34, s. 73, Sch. 4 paras.7, 8