Part 3

Employment income: earnings and benefits etc. treated as earnings
Chapter 6

Taxable benefits: cars, vans and related benefits

Reduction for payments for private use

Van provided pursuant to optional remuneration arrangements: private use
158A
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.
Pt. 3 Ch. 6 modified (6.4.2021 for the tax year 2021-22) by Finance Act 2020 (c. 14), s. 10
S. 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
Pt. 3 Ch. 6 modified (6.4.2020 for the tax year 2020-21) by Finance Act 2020 (c. 14), s. 9
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