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(1)The appropriate percentage for a year for a car with a CO2 emissions figure depends on the car's CO2 emissions figure.
[F2(2)If the car's CO2 emissions figure is less than the relevant threshold for the year, the appropriate percentage for the year is—
(a)if the car's CO2 emissions figure for the year does not exceed 75 grams per kilometre driven, 5%, and
(b)otherwise, 11%.
(3)If the car's CO2 emissions figure is equal to the relevant threshold for the year, the appropriate percentage for the year is 12% (“the threshold percentage”).]
(4)If the car's CO2 emissions figure exceeds the relevant threshold for the year, the appropriate percentage for the year is whichever is the lesser of—
(a)the threshold percentage increased by one percentage point for each 5 grams per kilometre driven by which the CO2 emissions figure exceeds the relevant threshold for the year, and
(b)35%.
(5)The relevant threshold is [F395 grams] per kilometre driven.
(6)If the car's CO2 emissions figure is not a multiple of 5, it is to be rounded down to the nearest multiple of 5 for the purposes of subsections (3) and (4)(a).
(7)This section is subject to—
(a)section 141 (diesel cars), and
(b)any regulations made by the Treasury under section 170(4) (power to reduce the appropriate percentage).]
Textual Amendments
F1S. 139 substituted (with effect in accordance with s. 59(5) of the amending Act) by Finance Act 2010 (c. 13), s. 59(2)
F2S. 139(2)(3) substituted (with effect in accordance with s. 17(2) of the amending Act) by Finance Act 2012 (c. 14), s. 17(1)
F3Words in s. 139(5) substituted (with effect in accordance with s. 51(2) of the amending Act) by Finance Act 2011 c. 11, s. 51(1)
Modifications etc. (not altering text)
C1Ss. 133-142 applied by S.I. 2001/1123, reg. 2 (as amended (6.4.2008) by The Income Tax (Car Benefits) (Reduction of Value of Appropriate Percentage) (Amendment) Regulations 2007 (S.I. 2007/3068), regs. 1, 3)