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 CO2 figure: 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 CO2 figure: 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.