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). ”