PART 3DEDUCTION AND REPAYMENT OF TAX
F1CHAPTER 3ABENEFITS IN KIND
Annotations:
Amendments (Textual)
Method of calculating the cash equivalent F2or relevant amount in respect of the benefit of a car or van61E
1
Where the specified benefit is the provision of a car or a van the cash equivalent F3or relevant amount is calculated in accordance with section 121, 121A, 154A or 155 of ITEPA, as the case may be.
2
For the purposes of paragraph (1), the authorised employer may take into account payments that the specified employee is required to make in the tax year as a condition of the car or van being available for that employee’s private use.
Pt. 3 Ch. 3A inserted (with effect in accordance with reg. 1(4) of the amending S.I.) by The Income Tax (Pay As You Earn) (Amendment No. 4) Regulations 2015 (S.I. 2015/1927), regs. 1(1), 6