Section 49 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 £1,400 £950 More than 1400 but not more than 2000 £1,850 £1,250 More than 2000 £2,950 £1,950 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 £1,400 £950 £6,000 or more but less than £8,500 £1,850 £1,250 £8,500 or more but not more than £19,250 £2,950 £1,950 table B
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 £3,850 £2,600 More than £29,000 £6,150 £4,100 ”
(2)
This section shall have effect for the year 1989-90 and subsequent years of assessment.