Van benefit to 2004/05: shared availability
Full details of this charge are at EIM22090.
It forms part of the calculation of the van benefit on the individual employee. The total van benefit charge is the sum of the value of exclusive availability and shared availability.
Because of the way the shared vans charge is structured, it is possible for an employee to be subject to a shared van benefit charge in respect of vans never available for that employee's private use, for the reason given in EIM22092. The focus of charge remains on the employee.
`Shared van' is defined at EIM22070. The benefit for periods when the van is shared is calculated in a seven-stage process detailed at EIM22090.
Any employee can instead opt for the alternative charge of £5 per day. This has no effect on the benefit calculated in respect of any other employee. EIM22097 explains how to calculate the alternative charge.
Payments for private use
Payments by the employee for private use of shared vans reduce the value of shared availability pound for pound. They are the last stage in calculating the value of shared availability at EIM22090.
Benefit on the employee
The benefit in respect of exclusive availability vans must be added to this figure to obtain the total benefit on the employee.
When only one van is available to the employee at any one time, the resulting charge is subject to the overriding limit at EIM22077.
Years from 2005/06
Click from 2005/06 for guidance for those years.
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