SolvedSection 45 | Car benefits.
From legislation.gov.uk
(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—
Table A Cars with an original market value up to £19,250 and having a cylinder capacity — shown as text
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 £1,050 £700 More than 1400 but not more than 2000 £1,400 £940 More than 2000 £2,200 £1,450
Table B Cars with an original market value up to £19,250 and not having a cylinder capacity — shown as text
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 £1,050 £700 £6,000 or more but less than £8,500 £1,400 £940 £8,500 or more but not more than £19,250 £2,200 £1,450
Table C Cars with an original market value of more than £19,250 — shown as text
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 £2,900 £1,940 More than £29,000 £4,600 £3,060
(2)This section shall have effect for the year 1988-89 and subsequent years of assessment.