Averaging method—what is the averaging period
13ZD Averaging method—what is the averaging period
The averaging period, for a business vehicle of an employee, means a continuous period of at least 12 weeks, chosen by the employer, throughout which the vehicle is provided or maintained by the employee.
The averaging period may overlap the start or end of a financial year.
Note—
See also section 13ZB(5) and (6) in relation to using a relevant percentage worked out on the basis of an averaging period that falls in 2 financial years.
If the averaging method is used for more than 1 business vehicle of an employee for the same return period, the averaging period for the vehicles must be the same.
This section applies subject to section 13ZE.
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