[155 Cash equivalent of the benefit of a van]
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

[155  Cash equivalent of the benefit of a van]

[[(1)     The cash equivalent of the benefit of a van for a tax year is calculated as follows.

(1A)     If the restricted private use condition is met in relation to the van for the tax year, the cash equivalent is nil.

(1B)     If that condition is not met in relation to the van for the tax year—

(a)     if the van cannot in any circumstances emit CO2 by being driven and the tax year is any of the tax years 2015–16 to [2020–21], the cash equivalent is the appropriate percentage of [£3,500], . . .

[(aa)     if the van cannot in

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