Section 158A — Income Tax (Earnings and Pensions) Act 2003: Van provided pursuant to optional remuneration arrangements: 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.