(1) This Order may be cited as the Van Benefit and Car and Van Fuel Benefit Order 2018.
(2) This Order comes into force on 31st December 2018 and applies to the tax year 2019-20 and subsequent tax years.
S.I. 2018/1176
The Van Benefit and Car and Van Fuel Benefit Order 2018 (S.I. 2018/1176)
This Order amends sections 150(1), 155(1B) and 161(b) of the Income Tax (Earnings and Pensions) Act 2003 (c. 1) (“the Act”).
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In section 150(1) of the Income Tax (Earnings and Pensions) Act 2003 (car fuel: calculating the cash equivalent) for “£23,400” substitute “£24,100”.
In section 155(1B)(a) and (b) of the Income Tax (Earnings and Pensions) Act 2003 (cash equivalent of the benefit of a van) for “£3,350” substitute “£3,430”.
In section 161(b) of the Income Tax (Earnings and Pensions) Act 2003 (van fuel: the cash equivalent) for “£633” substitute “£655”.
Cite this legislation
- Official citation
- S.I. 2018/1176
- Source
- legislation.gov.uk
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- Licence
- OGL-3 ↗
The Van Benefit and Car and Van Fuel Benefit Order 2018 (legislation.gov.uk, OGL-3). Retrieved via LawPlayer, https://lawplayer.com/uk/act/uksi-2018-1176
This text is synced from legislation.gov.uk. In case of any discrepancy, the official version prevails.
Contains public sector information licensed under the Open Government Licence v3.0 (legislation.gov.uk).