121A Benefit of use of van.
(1) In this section—
“van” means a mechanically propelled road vehicle which—
(a) is designed or constructed solely or mainly for the carriage of goods or other burden,
(b) has a roofed area or areas to the rear of the driver’s seat,
(c) has no side windows or seating fitted in that roofed area or
(2) (a) In relation to a person chargeable to tax in respect of an employment, this section shall apply for a year of assessment in relation to a van which, by reason of the employment, is made available (without a transfer of the property in it) to the person and is available for his or her private use in that year.
(b) In relation to a van in respect of which this section applies for a year of assessment—
(i) Chapter 3 of this Part shall not apply for that year in relation to the expense incurred in connection with the provision of the van,
(ii) there shall be treated for that year as emoluments of the employment by reason of which the van is made available, and accordingly chargeable to income tax, the amount, if any, by which the cash equivalent of the benefit of the van for the year exceeds the aggregate for the year of the amounts which the employee is required to make good and actually makes good to the employer in respect of any part of the costs of providing or
>running the >van.<<
(3) The cash equivalent of the benefit of a van for a year of assessment shall be 5 per cent of the original market value of the van.
(4) The provisions of subsections (1) (other than the definition of car in paragraph (a)),
> paragraph (b) of subsection (3),< (6) and (7) of section 121 shall apply, with any necessary modifications in relation to a van, for the purposes of this section as they apply in relation to a car for the purposes of that section.