(1)The Treasury may by order substitute a greater amount for that for the time being specified in—
(a)step 4 of section 121(1) (car: maximum interim sum),
(b)section 126(3)(d) (car: minimum price of later accessory),
(c)section 132(3)(b) (car: maximum contributions deduction),
(d)section 147(1)(b) (classic car: minimum value), or
(e)section 147(7)(b) (classic car: maximum contributions deduction).
[F1(1A)The Treasury may by order substitute a different amount for that for the time being specified in—
(a)section 155(2)(a) (cash equivalent where van subject only to restricted private use by employee), and
(b)section 155(3)(b) (cash equivalent in other cases).]
(2)An order under subsection (1) [F2or (1A)] must specify the tax years to which it applies.
[F3(2A)The Treasury may by order provide for a limit different from that specified in the Table in section 139(3A) (car with a low CO2 emissions figure) to apply for tax years beginning on or after 6th April 2009 or such later date as may be specified in the order.]
(3)The Treasury may by order provide for a “lower threshold” different from that specified in the Table in section 139(4) (car with a CO2 emissions figure) to apply for tax years beginning on or after [F46th April 2006] or such later date as may be specified in the order.
(4)The Treasury may by regulations provide for the value of the appropriate percentage as determined under sections 139 to 141 to be reduced—
(a)by such amount,
(b)in such circumstances, and
(c)subject to such conditions,
as may be prescribed in the regulations.
(5)The Treasury may by order substitute a different amount for that specified in section 150(1) (car fuel: cash equivalent) [F5or section 161(b) (van fuel: cash equivalent)].
(6)An order under subsection (5) must specify the tax years to which it applies, being tax years beginning after that in which it is made.
Textual Amendments
F1S. 170(1A) inserted (with effect in accordance with s. 80(2) of the amending Act) by Finance Act 2004 (c. 12), Sch. 14 para. 7(2)
F2Words in s. 170(2) inserted (with effect in accordance with s. 80(2) of the amending Act) by Finance Act 2004 (c. 12), Sch. 14 para. 7(3)
F3S. 170(2A) inserted (with effect for the tax year 2008-09 and subsequent tax years in accordance with s. 59(10) of the amending Act) by Finance Act 2006 (c. 25), s. 59(8)
F4Words in s. 170(3) substituted (10.7.2003) by Finance Act 2003 (c. 14), s. 138(4)
F5Words in s. 170(5) inserted (with effect in accordance with s. 80(2) of the amending Act) by Finance Act 2004 (c. 12), Sch. 14 para. 7(4)