# Finance Act 2023, Section 11: Taxable benefits: appropriate percentage for cars with a CO2 emissions figure

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

(1) In the Income Tax (Earnings and Pensions) Act 2003, in section 139 (cars with a CO2 emissions figure: the appropriate percentage), for the table in subsection (1) substitute—
“
Car
Appropriate percentage
Car with CO2 emissions figure of 0
3%
Car with CO2 emissions figure of 1–50
As follows
Car with electric range figure of 130 or more
3%
Car with electric range figure of 70–129
6%
Car with electric range figure of 40–69
9%
Car with electric range figure of 30–39
13%
Car with electric range figure of less than 30
15%
Car with CO2 emissions figure of 51–54
16%
Car with CO2 emissions figure of 55–59
17%
Car with CO2 emissions figure of 60–64
18%
Car with CO2 emissions figure of 65–69
19%
Car with CO2 emissions figure of 70–74
20%
”
(2) The amendment made by subsection (1) has effect for the tax year 2025-26.
(3) In that Act, in that section, in subsection (3)(a) for “20%” substitute “21%”.
(4) The amendment made by subsection (3) has effect for the tax year 2025-26 and subsequent tax years.
(5) In that Act, in that section, for the table in subsection (1) of that section (as substituted by subsection (1)) substitute—
“
Car
Appropriate percentage
Car with CO2 emissions figure of 0
4%
Car with CO2 emissions figure of 1–50
As follows
Car with electric range figure of 130 or more
4%
Car with electric range figure of 70–129
7%
Car with electric range figure of 40–69
10%
Car with electric range figure of 30–39
14%
Car with electric range figure of less than 30
16%
Car with CO2 emissions figure of 51–54
17%
Car with CO2 emissions figure of 55–59
18%
Car with CO2 emissions figure of 60–64
19%
Car with CO2 emissions figure of 65–69
20%
Car with CO2 emissions figure of 70–74
21%
”
(6) The amendment made by subsection (5) has effect for the tax year 2026-27.
(7) In that Act, in that section, for the table in subsection (1) of that section (as substituted by subsection (5)) substitute—
“
Car
Appropriate percentage
Car with CO2 emissions figure of 0
5%
Car with CO2 emissions figure of 1–50
As follows
Car with electric range figure of 130 or more
5%
Car with electric range figure of 70–129
8%
Car with electric range figure of 40–69
11%
Car with electric range figure of 30–39
15%
Car with electric range figure of less than 30
17%
Car with CO2 emissions figure of 51–54
18%
Car with CO2 emissions figure of 55–59
19%
Car with CO2 emissions figure of 60–64
20%
Car with CO2 emissions figure of 65–69
21%
Car with CO2 emissions figure of 70–74
21%
”
(8) The amendment made by subsection (7) has effect for the tax year 2027-28 and subsequent tax years.

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Source: https://www.legislation.gov.uk/ukpga/2023/1/section/11 (the official version)
Page: https://openlegislation.uk/finance-act-2023/section-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.