Part II Income Tax, Corporation Tax and Capital Gains Tax

Chapter I General

Benefits in kind

71 Car fuel: 1993-94.

(1)

In section 158 of the Taxes Act 1988 (car fuel) for the Tables in subsection (2) (tables of cash equivalents) there shall be substituted—
“TABLE A

Cylinder capacity of car in cubic centimetres

Cash equivalent

1,400 or less

£600

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

£760

More than 2,000

£1,130

TABLE AB

Cylinder capacity of car in cubic centimetres

Cash equivalent

2,000 or less

£550

More than 2,000

£710

TABLE B

Original market value of car

Cash equivalent

Less than £6,000

£600

£6,000 or more but less than £8,500

£760

£8,500 or more

£1,130”

(2)

In subsection (5) of that section (reductions in cash equivalents) the words “or 3” shall be omitted.

(3)

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