The Van Benefit and Car and Van Fuel Benefit Order 2021

• Citation: S.I. 2021/248
• Sections: 4

Section 1 Citation, commencement and application

(1) This Order may be cited as the Van Benefit and Car and Van Fuel Benefit Order 2021.

(2) This Order comes into force on 6th April 2021 and applies to the tax year 2021-22 and subsequent tax years.

Section 2 Amendment to section 150 of the Income Tax (Earnings and Pensions) Act 2003

In section 150(1) of the Income Tax (Earnings and Pensions) Act 2003 (car fuel: calculating the cash equivalent) for “£24,500” substitute “£24,600”.

Section 3 Amendment to section 155 of the Income Tax (Earnings and Pensions) Act 2003

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 “£3,490” substitute “£3,500”.

Section 4 Amendment to section 161 of the Income Tax (Earnings and Pensions) Act 2003

In section 161(b) of the Income Tax (Earnings and Pensions) Act 2003 (van fuel: the cash equivalent) for “£666” substitute “£669”.