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Section 8 Cars: appropriate percentage for 2019-20 and subsequent tax years

(1)

ITEPA 2003 is amended as follows.

(2)

Section 139 (car with a CO₂figure: the appropriate percentage) is amended as set out in subsections (3) and (4).

(3)

In subsection (2)—

(a)

in paragraph (a), for “13%” substitute “ 16% ”,

(b)

in paragraph (aa), for “16%” substitute “ 19% ”, and

(c)

in paragraph (b), for “19%” substitute “ 22% ”.

(4)

In subsection (3), for “20%” substitute “ 23% ”.

(5)

Section 140 (car without a CO₂figure: the appropriate percentage) is amended as set out in subsections (6) and (7).

(6)

In subsection (2), in the Table—

(a)

for “20%” substitute “ 23% ”, and

(b)

for “31%” substitute “ 34% ”.

(7)

In subsection (3)(a), for “13%” (as substituted by section 9(3)) substitute “ 16% ”.

(8)

In section 142(2) (car first registered before 1 January 1998: the appropriate percentage), in the Table—

(a)

for “20%” substitute “ 23% ”, and

(b)

for “31%” substitute “ 34% ”.

(9)

The amendments made by this section have effect for the tax year 2019-20 and subsequent tax years.