Section 138 | Taxable benefits: lower threshold for cars with a CO2 emissions figure

(1)In section 139 of the Income Tax (Earnings and Pensions) Act 2003 (cash equivalent of the benefit of a car: calculation of the appropriate percentage for a year for cars with a CO2 emissions figure) the table in subsection (4) (which specifies the lower threshold for each year for the purposes of that calculation) is amended as follows.

(2)In the entry relating to 2004-05 and subsequent tax years omit “and subsequent tax years”.

(3)Repealed^F1

(4)In section 170(3) of that Act (power to provide by order for a lower threshold different from that specified in the table in section 139(4) to apply for tax years beginning on or after 6th April 2005) for “6th April 2005” substitute “ 6th April 2006 ”.