Statutory Instruments
2010 No. 406
Income Tax
The Car and Van Fuel Benefit Order 2010
Made
22nd February 2010
Laid before the House of Commons
23rd February 2010
Coming into force
1st April 2010
The Treasury make the following Order in exercise of the powers conferred by section 170(5) and (6) of the Income Tax (Earnings and Pensions) Act 2003( 1 ).
Citation, commencement and effect
1. —(1) This Order may be cited as the Car and Van Fuel Benefit Order 2010.
(2) This Order shall come into force on 1st April 2010 and has effect for the tax year 2010-11 and subsequent tax years.
Amendment to section 150 of the Income Tax (Earnings and Pensions) Act 2003
2. In section 150(1) of the Income Tax (Earnings and Pensions) Act 2003(car fuel: calculating the cash equivalent)( 2 ) for “£16,900” substitute “£18,000”.
Amendment to section 161(b) of the Income Tax (Earnings and Pensions) Act 2003
3. In section 161(b) of the Income Tax (Earnings and Pensions) Act 2003(van fuel: the cash equivalent)( 3 ) for “£500” substitute “£550”.
Dave Watts
Frank Roy
Two of the Lords Commissioners of Her Majesty’s Treasury
22nd February 2010
2003 c. 1 ; section 170(5) was amended by paragraph 7(4) of Schedule 14 to the Finance Act 2004 (c. 12) .
Section 150(1) was amended by S.I. 2008/511 .
Section 161 was substituted by paragraph 5 of Schedule 14 to the Finance Act 2004.