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Income Tax (Earnings and Pensions) Act 2003
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Changes over time for: Section 150
Alternative versions:
- 06/04/2003- Amendment
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- 06/04/2023- Amendment
Changes to legislation:
Income Tax (Earnings and Pensions) Act 2003, Section 150 is up to date with all changes known to be in force on or before 22 February 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Changes and effects yet to be applied to Section 150:
- s. 150(1) sum substituted by S.I. 2024/1349 art. 2(2)
- s. 707A inserted by 2024 c. 3 s. 36(4)
150Car fuel: calculating the cash equivalentU.K.
This section has no associated Explanatory Notes
(1)The cash equivalent of the benefit of the fuel is the appropriate percentage of [F1£27,800].
(2)The “appropriate percentage” means the appropriate percentage determined in accordance with sections 133 to 142 for the purpose of calculating the cash equivalent of the benefit of the car for which the fuel is provided.
(3)But the cash equivalent may be—
(a)nil where either of the conditions in section 151 is met;
(b)proportionately reduced under section 152;
(c)reduced under section 153.
Textual Amendments
F1Sum in s. 150(1) substituted (6.4.2023 with application to the tax year 2023-24 and subsequent tax years) by The Van Benefit and Car and Van Fuel Benefit Order 2022 (S.I. 2022/1288), arts. 1(2), 2
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