EIM22870 - Van benefit from 2005/06: examples - the basic cases
Section 155 ITEPA 2003
This page illustrates the principles of the basic cases at EIM22790.
Example: van for which the restricted private use condition is met
In this example, a van is made available to employee A because it is necessary for the job. »Ê¹ÚÌåÓýapp van can be and is taken home at night but the terms on which it is made available do not allow any other private use. Employee A abides by those terms (for full details of the restricted private use condition, see EIM22795).
Conclusion: the cash equivalent for 2014/15 is nil (EIM22790).
Example: van for which the restricted private use condition is NOT met
Employee B also needs a van for their job, but is allowed both to take it home and to use it for any other private purpose. Employee B regularly uses it for private purposes other than commuting.
Conclusion: the cash equivalent for 2014/15 is £3,090 (EIM22790).