# Finance Act 1988, Section 45: Car benefits.


(1) In Schedule 6 to the Taxes Act 1988 (taxation of directors and others in respect of cars) for Part I (tables of flat rate cash equivalents) there shall be substituted—
“Part I
Tables of Flat Rate Cash Equivalents
Table A
Cars with an original market value up to £19,250 and having a cylinder capacity
Cylinder capacity of car in cubic centimetres
Age of car at end of relevant year of assessment
Under 4 years
4 years or more
1400 or less
£1,050
£700
More than 1400 but not more than 2000
£1,400
£940
More than 2000
£2,200
£1,450
Table B
Cars with an original market value up to £19,250 and not having a cylinder capacity
Original market value of car
Age of car at end of relevant year of assessment
Under 4 years
4 years or more
Less than £6,000
£1,050
£700
£6,000 or more but less than £8,500
£1,400
£940
£8,500 or more but not more than £19,250
£2,200
£1,450
Table C
Cars with an original market value of more than £19,250
Original market value of car
Age of car at end of relevant year of assessment
Under 4 years
4 years or more
More than £19,250 but not more than £29,000
£2,900
£1,940
More than £29,000
£4,600
£3,060
”
(2) This section shall have effect for the year 1988-89 and subsequent years of assessment.

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Source: https://www.legislation.gov.uk/ukpga/1988/39/section/45 (the official version)
Page: https://openlegislation.uk/finance-act-1988/section-45
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.