Finance Act 2015 (c. 11)

PART 1 Income tax, corporation tax and capital gains tax

CHAPTER 2 Income tax: general

8 Cars: the appropriate percentage for 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 “9%” substitute “13%”,

(b) in paragraph (aa), for “13%” substitute “16%”, and

(c) in paragraph (b), for “17%” substitute “19%”.

(4) In subsection (3), for “18%” substitute “20%”.

(5) In section 140(2) (car without a CO₂ figure: the appropriate percentage), in the Table—

(a) for “18%” substitute “20%”, and

(b) for “29%” substitute “31%”.

(6) In section 142(2) (car first registered before 1 January 1998: the appropriate percentage), in the Table—

(a) for “18%” substitute “20%”, and

(b) for “29%” substitute “31%”.

(7) The amendments made by this section have effect for the tax year 2018-19 and subsequent tax years.