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Income Tax (Earnings and Pensions) Act 2003

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Changes over time for: Section 158A

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Changes to legislation:

Income Tax (Earnings and Pensions) Act 2003, Section 158A is up to date with all changes known to be in force on or before 27 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. Help about Changes to Legislation

[F1[F2158AVan provided pursuant to optional remuneration arrangements: private useU.K.
This section has no associated Explanatory Notes

(1)In calculating the relevant amount under section 154A in relation to a van and a tax year, a deduction is to be made under step 2 of subsection (3) of that section if, as a condition of the van being available for the employee's private use, the employee—

(a)is required in that year to pay (whether by way of deduction from earnings or otherwise) an amount of money for that use, and

(b)pays that amount on or before 6 July following that year.

(2)The amount of the deduction is—

(a)the amount paid as mentioned in subsection (1)(b) by the employee in respect of the year, or

(b)if less, the amount that would reduce the relevant amount to nil.

(3)In this section the reference to the van being available for the 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.]]

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

F2S. 158A inserted (with effect in accordance with Sch. 2 para. 62 of the amending Act) by Finance Act 2017 (c. 10), Sch. 2 para. 38

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