Van benefit to 2004/05: meaning of exclusive period
Section 156(4) ITEPA 2003
An exclusive period is a period exceeding 30 days during which the van is available toone employee only.
An exclusive period has the following effects:
- the exclusive period shall not count towards any period that would otherwise be a shared period
- the shared period is to be treated as ending when the exclusive period begins and
- a further shared period may begin after the end of the exclusive period.
Years from 2005/06 onwards
Full guidance on van benefit for these years can be found using the contents page at EIM22700.