Part 3Employment income: earnings and benefits etc. treated as earnings

Chapter 6Taxable benefits: cars, vans and related benefits

F1Reduction of cash equivalent where van is shared

Annotations:
Amendments (Textual)
F1

Ss. 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

157Reduction of cash equivalent where van is shared

1

This section applies if in a tax year a van—

a

is available to more than one employee concurrently,

b

is so made available by the same employer, and

c

is available concurrently for each employee’s private use.

2

The cash equivalent of the benefit of the van to each of those employees for that year—

a

is to be calculated separately under sections 155 and 156, and

b

is then to be reduced on a just and reasonable basis.

3

If —

a

any of the employees mentioned in subsection (1)(a) (“E”) is a member of the family or household of another of them (“M”), and

b

E’s employment is an excluded employment,

the availability of the van to E is to be disregarded when applying subsection (2)(b) in respect of M.

4

In this section the reference to the van being available for each employee’s private use includes a reference to the van being available for the private use of a member of the employee’s family or household.