Section 24 | Cars: the appropriate percentage

(1)Chapter 6 of Part 3 of ITEPA 2003 (taxable benefits: cars, vans and related benefits) is amended as follows.

(2)Repealed

(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(6)Repealed

(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(10)Repealed

(11)Repealed

(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(15)Repealed

(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.