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EIM22795 | Van benefit from 2005/06: restricted private use condition

From HM Revenue & Customs · Employment Income Manual

Section 155(4) ITEPA 2003

The cash equivalent (EIM22790) depends on whether the restricted private use condition is met.

The restricted private use condition is met in relation to a van for a tax year if –

  • the commuter use requirement (EIM22800) is satisfied throughout the year (or the part of the year on which the van is available to the employee) or the extent to which it is not satisfied during that period is insignificant (EIM22745), and

  • the business travel requirement (EIM22805) is satisfied throughout the year (or the part of the year on which the van is available to the employee).

See EIM22850 where there is a replacement van.

Examples

There are basic examples at EIM22870.