Part II Income Tax, Corporation Tax and Capital Gains Tax

Chapter I General

Benefits in kind

70 Car benefits: 1993-94.

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—

Part I Tables of Flat Rate Cash Equivalents

Table ACars with an original market value up to £19,250 and having a cylinder capacity

Cylinder capacity of car in cubic centimetres

Age of car at end of relevant year of assessment

Under 4 years

4 years or more

1,400 or less

£2,310

£1,580

More than 1,400 but not more than 2,000

£2,990

£2,030

More than 2,000

£4,800

£3,220

Table BCars with an original market value up to £19,250 and not having a cylinder capacity

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

£2,310

£1,580

£6,000 or more but less than £8,500

£2,990

£2,030

£8,500 or more but not more than £19,250

£4,800

£3,220

Table CCars with an original market value of more than £19,250

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

£6,210

£4,180

More than £29,000

£10,040

£6,660

2

This section shall have effect for the year 1993-94.