Part 3Employment income: earnings and benefits etc. treated as earnings
C3C2Chapter 6Taxable benefits: cars, vans and related benefits
Annotations:
Modifications etc. (not altering text)
C2
Pt. 3 Ch. 6 modified (6.4.2021 for the tax year 2021-22) by Finance Act 2020 (c. 14), s. 10
Cars: appropriate percentage: first registered before 1st January 1998
C1142Car first registered before 1st January 1998: the appropriate percentage
1
The appropriate percentage for a car first registered before 1st January 1998 is determined under this section.
2
If the car has an internal combustion engine with one or more reciprocating pistons, the appropriate percentage for the year is—
Table
Cylinder capacity of car in cubic centimetres | Appropriate percentage |
|---|---|
1,400 or less | F324% |
More than 1,400 but not more than 2,000 | F535% |
More than 2,000 | F437% |
For this purpose a car’s cylinder capacity is the capacity of its engine as calculated for the purposes of VERA 1994.
3
If subsection (2) does not apply, the appropriate percentage for the year is F137%.
F24
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Pt. 3 Ch. 6 modified (6.4.2020 for the tax year 2020-21) by Finance Act 2020 (c. 14), s. 9