Part 3Employment income: earnings and benefits etc. treated as earnings
C2C1Chapter 6Taxable benefits: cars, vans and related benefits
Annotations:
Modifications etc. (not altering text)
C1
Pt. 3 Ch. 6 modified (6.4.2021 for the tax year 2021-22) by Finance Act 2020 (c. 14), s. 10
Car fuel: benefit treated as earnings
150Car fuel: calculating the cash equivalent
1
The cash equivalent of the benefit of the fuel is the appropriate percentage of F1£25,300.
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.
Pt. 3 Ch. 6 modified (6.4.2020 for the tax year 2020-21) by Finance Act 2020 (c. 14), s. 9