The cash equivalent of the benefit of a van is a fixed amount1 updated each year by Treasury Order. See T6.119 for the figures for the current and recent years.
The restricted private use condition
Where the restricted private use condition is met, the cash equivalent of the benefit is nil2. The restricted private use condition is met for a tax year if3:
- Ìý
(a)ÌýÌýÌýÌý the 'commuter use requirement' is met throughout the year (or the part of the year for which the van is available to the employee) or the extent to which it is not met is insignificant (see the discussion at E4.622), and
- Ìý
(b)ÌýÌýÌýÌý the 'business travel requirement' is met throughout the year (or the part of the year for which the van is available to the employee). To meet the business travel requirement, the van must be available to the employee 'mainly for the purposes of the employee's business travel'4
The commuter use requirement is met at any time if5:
- Ìý
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Web page updated on 17 Mar 2025 17:33