# Finance Act 2014, Section 24: Cars: the appropriate percentage

Extent: E+W+S+N.I.

(1) Chapter 6 of Part 3 of ITEPA 2003 (taxable benefits: cars, vans and related benefits) is amended as follows.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) Section 139 (cars with a CO2 figure: the appropriate percentage) is amended in accordance with subsections (4) to (6).
(4) In subsection (2) —
(a) in paragraph (a) for “5%” substitute “ 7% ”,
(b) in paragraph (aa) for “9%” substitute “ 11% ”, and
(c) in paragraph (b) for “13%” substitute “ 15% ”.
(5) In subsection (3), for “14%” substitute “ 16% ”.
(6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(7) Section 140 (cars without a CO2 figure: the appropriate percentage) is amended in accordance with subsections (8) to (10).
(8) In subsection (2), in the Table —
(a) for “15%” substitute “ 16% ”, and
(b) for “25%” substitute “ 27% ”.
(9) In subsection (3)(a), for “5%” substitute “ 7% ”.
(10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(12) Section 142 (car first registered before 1st January 1998: the appropriate percentage) is amended in accordance with subsections (13) and (14).
(13) In subsection (2), in the Table —
(a) for “15%” substitute “ 16% ”,
(b) for “22%” substitute “ 27% ”, and
(c) for “32%” substitute “ 37% ”.
(14) In subsection (3), for “32%” substitute “ 37% ”.
(15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(16) In consequence, section 23(4) and (5)(b) of FA 2013 is omitted.
(17) The amendments made by this section have effect for the tax year 2016-17 and subsequent tax years.

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Source: https://www.legislation.gov.uk/ukpga/2014/26/section/24 (the official version)
Page: https://openlegislation.uk/finance-act-2014/section-24
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.