http://www.legislation.gov.uk/ukpga/2003/1/section/162/2008-10-27
Income Tax (Earnings and Pensions) Act 2003
An Act to restate, with minor changes, certain enactments relating to income tax on employment income, pension income and social security income; and for connected purposes.
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Statute Law Database
2024-06-06
Expert Participation
2008-10-27
Income Tax (Earnings and Pensions) Act 2003
s. 452(2)(aa)
Finance Act 2013
Sch. 23
para. 11
Sch. 23
para. 38
art. 2
Income Tax (Earnings and Pensions) Act 2003
s. 707A
Finance Act 2024
s. 36(4)
s. 36(5)
Part 3Employment income: earnings and benefits etc. treated as earnings
Chapter 6Taxable benefits: cars, vans and related benefits
F1Van fuel: benefit treated as earnings
Annotations:
Amendments (Textual)
162F1Van fuel: nil cash equivalent
1
The cash equivalent of the benefit of the fuel is nil if condition A or B is met.
2
Condition A is met if in the tax year in question—
a
the employee is required to make good to the person providing the fuel the whole of the expense incurred by that person in connection with the provision of the fuel for the employee’s private use, and
b
the employee does make good that expense.
3
Condition B is met if in the tax year in question the fuel is made available only for business travel (see section 171(1)).
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