SCHEDULES
SCHEDULE 14Vans
2
1
Section 114 (cars, vans and related benefits) is amended as follows.
2
In subsection (2), in paragraph (c), for “166” substitute “
159
”
and after that paragraph insert
; and
d
sections 160 to 164 provide for the cash equivalent of the benefit of any fuel provided for the van to be treated as earnings in certain circumstances.
3
After subsection (3) insert—
3A
This Chapter does not apply to a van in relation to a tax year if the private use of the van during the tax year by the employee or member of the employee’s family or household is insignificant.
4
In subsection (4), insert at the end— “
section 169A (van available to more than one member of family or household employed by same employer).
”