EIM23765 - Car benefits: shared car

Section 153 ITEPA 2003

If the cash equivalent of the benefit of a shared car is reduced under Section 148 ITEPA 2003 (see EIM23520) a corresponding reduction is to be made to the car fuel benefit.

Example

See EIM23521 for the facts. The cash equivalent of the car fuel benefit would be allocated in exactly the same way.

Possible further reductions in the charge

• See EIM23763 if the car is unavailable for part of the tax year.
• See EIM23764 if free fuel is withdrawn in a tax year and not reinstated.

Years before 2003/04

These arrangements were formerly part of Extra-Statutory Concession A71. The fuel benefit charge had a different basis in these years. See the contents page at SE23750CO for details.