Finance Act 2016 (c. 24)

PART 1 U.K. Income tax

Employment income: taxable benefits U.K.

9 Cars which cannot emit CO₂: appropriate percentage for 2017-18 and 2018-19 U.K.

(1) In section 140(3)(a) of ITEPA 2003 (car which cannot emit CO₂: the appropriate percentage), for “7%” substitute “ 9% ”.

(2) The amendment made by subsection (1) has effect for the tax year 2017-18.

(3) In section 140(3)(a) of ITEPA 2003, for “9%” substitute “ 13% ”.

(4) The amendment made by subsection (3) has effect for the tax year 2018-19.