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(1)Section 139 of ITEPA 2003 (car with a CO2 emissions figure: the appropriate percentage) is amended as follows.
(2)In subsection (1) (appropriate percentage dependent on whether emissions figure exceeds lower threshold) for the words from “whether” to the end of the subsection substitute “whether—
(a)the car is a qualifying low emissions car for that year, or
(b)the car's CO2 emissions figure exceeds the lower threshold for that year.”
(3)After subsection (1) insert—
“(1A)A car is a qualifying low emissions car for any year if—
(a)it has a low CO2 emissions figure for that year, and
(b)it is not an electrically propelled vehicle, within the meaning of section 140.
(1B)If the car is a qualifying low emissions car for the year, the appropriate percentage is 10%.”.
(4)For subsection (2) (emissions figure does not exceed lower threshold) substitute—
“(2)If—
(a)the car is not a qualifying low emissions car for the year, but
(b)its CO2 emissions figure does not exceed the lower threshold for the year,
the appropriate percentage for the year is 15% (“the basic percentage”).”.
(5)After subsection (3) insert—
“(3A)A car has a low CO2 emissions figure for a year if its CO2 emissions figure does not exceed the limit for that year in the following Table—
Tax year | Limit (in g/km) |
---|---|
2008-09 and subsequent tax years | 120”. |
F1(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(7)After subsection (5) (rounding down of emissions figures to nearest multiple of 5) insert—
“(5A)Subsection (5) does not apply for the purpose of determining whether a car has a low CO2 emissions figure for a year.”.
(8)In section 170 of ITEPA 2003 (orders etc relating to the Chapter) before subsection (3) (order varying lower threshold) insert—
“(2A)The Treasury may by order provide for a limit different from that specified in the Table in section 139(3A) (car with a low CO2 emissions figure) to apply for tax years beginning on or after 6th April 2009 or such later date as may be specified in the order.”.
(9)If a qualifying low emissions car is a car which, within the meaning of regulations under section 170(4) of ITEPA 2003,—
(a)is capable of being propelled by petrol and road fuel gas,
(b)is capable of being propelled by electricity and petrol, or
(c)is propelled solely by road fuel gas,
no reduction in the appropriate percentage is to be made by virtue of any such regulations made before 22nd March 2006.
(10)Subsections (2) to (5) and (7) to (9) have effect for the tax year 2008-09 and subsequent tax years.
Textual Amendments
F1S. 59(6) omitted (with effect in accordance with s. 47(3) of the amending Act) by virtue of Finance Act 2008 (c. 9), s. 47(2)(b)
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