Section 23 Taxable benefit of cars: the appropriate percentage

Section 139 of ITEPA 2003 (car with CO₂ figure: the appropriate percentage) is amended in accordance with subsections (2) to (6).

In subsection (2), after “the relevant threshold” omit “for the year”.

For subsection (2)(a) substitute—

(a)

if the car's CO₂ emissions figure does not exceed 50 grams per kilometre driven, 5%,

(aa)

if the car's CO₂ emissions figure exceeds 50 grams per kilometre driven but does not exceed 75 grams per kilometre driven, 9%, and

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In subsection (3)—

In subsection (4)—

Section 140 of that Act (car without CO₂ figure: the appropriate percentage) is amended in accordance with subsections (8) to (11).

In the Table in subsection (2), for “35%” substitute “ 37% ”.

For subsection (3)(a) substitute—

(a)

5% if the car cannot in any circumstances emit CO₂ by being driven, and

In subsection (3)(b), for “35%” substitute “ 37% ”.

Omit subsection (3A).

The amendments made by this section have effect for the tax year 2015-16 and subsequent tax years.