PART 1Income tax
Employment income: taxable benefits
8Cars: appropriate percentage for 2019-20 and subsequent tax years
1
ITEPA 2003 is amended as follows.
2
Section 139 (car with a CO2 figure: the appropriate percentage) is amended as set out in subsections (3) and (4).
3
In subsection (2)—
a
in paragraph (a), for “13%” substitute “
16%
”
,
b
in paragraph (aa), for “16%” substitute “
19%
”
, and
c
in paragraph (b), for “19%” substitute “
22%
”
.
4
In subsection (3), for “20%” substitute “
23%
”
.
5
Section 140 (car without a CO2 figure: the appropriate percentage) is amended as set out in subsections (6) and (7).
6
In subsection (2), in the Table—
a
for “20%” substitute “
23%
”
, and
b
for “31%” substitute “
34%
”
.
7
In subsection (3)(a), for “13%” (as substituted by section 9(3)) substitute “
16%
”
.
8
In section 142(2) (car first registered before 1 January 1998: the appropriate percentage), in the Table—
a
for “20%” substitute “
23%
”
, and
b
for “31%” substitute “
34%
”
.
9
The amendments made by this section have effect for the tax year 2019-20 and subsequent tax years.