PART 1Income tax, corporation tax and capital gains tax

Employment income

23Cash equivalent benefit of a zero-emissions van

(1)

Section 155 of ITEPA 2003 (cash equivalent of the benefit of a van) is amended in accordance with subsections (2) and (3).

(2)

In subsection (1B)—

(a)

in paragraph (a), for “2021-22” substitute “ 2020-21 ”;

(b)

omit the “and” at the end of that paragraph;

(c)

after that paragraph insert—

“(aa)

if the van cannot in any circumstances emit CO2 by being driven and the tax year is 2021-22 or a subsequent tax year, the cash equivalent is nil, and”.

(3)

In subsection (1C) omit paragraph (g).

(4)

In section 170 of ITEPA 2003 (orders etc relating to Chapter 6 of Part 3 of ITEPA 2003), in subsection (1A)—

(a)

in paragraph (b), after “zero-emission van” insert “ in tax years 2015-16 to 2020-21 ”;

(b)

omit the “and” at the end of that paragraph;

(c)

after that paragraph insert—

“(ba)

section 155(1B)(aa) (cash equivalent for zero-emissions vans in tax year 2021-22 and subsequent tax years), and”.