148 Reduction of cash equivalent where car is shared
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

Cars: reduction where shared car

148  Reduction of cash equivalent where car is shared

(1)     This section applies [for the purposes of sections 121 and 121B] if in a tax year a car—

(a)     is available to more than one employee concurrently,

(b)     is so made available by the same employer, and

(c)     is available concurrently for each employee's

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