7 Optional remuneration arrangements: arrangements for cars and vans
Finance Act 2019 (2019 c 1) | Legislation

Employment and social security income

7  Optional remuneration arrangements: arrangements for cars and vans

(1)     ITEPA 2003 is amended as follows.

(2)     In section 120A (optional remuneration arrangements: benefit of a car)—

(a)     in subsection (3)(b), for the words from “the amount” to “year is” substitute “the total foregone amount in connection with the car for the tax year is”, and

(b)     after subsection (3) insert—

“(4)     In this section, and in section 121A, the total foregone amount in connection with the car for a tax year is the total of—

(a)     the amount foregone (see section 69B) with respect to the benefit of the car for that year, and

(b)     the amount foregone (see section 69B) with respect to each other benefit that—

(i)     is connected with the car,

(ii)     is provided in that year for the employee, or a member of the employee's household,

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