PART 1

Income tax, corporation tax and capital gains tax

Employment income

Cash equivalent benefit of a zero-emissions van
23
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
.