Part III Income Tax, Corporation Tax and Capital Gains Tax

Chapter I Income Tax and Corporation Tax

Benefits in kind

59 Car fuel.

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

£1,010

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

£1,280

More than 2,000

£1,890

TABLE AB

Cylinder capacity of car in cubic centimetres

Cash equivalent

2,000 or less

£1,280

More than 2,000

£1,890

TABLE B

Description of car

Cash equivalent

Any car

£1,890

2

This section shall have effect for the year 1998-99 and subsequent years of assessment.