Income Tax (Earnings and Pensions) Act 2003

[F1 139 Cars with a CO₂ emissions figure: the appropriate percentage U.K.

(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 F3 ..., the appropriate percentage for the year is—

[F4 (a) if the car's CO₂ emissions figure does not exceed 50 grams per kilometre driven, 5%,

(aa) if the car's CO₂ emissions figure exceeds 50 grams per kilometre driven but does not exceed 75 grams per kilometre driven, 9%, and]

(b) otherwise, [F5 13%.]

(3) If the car's CO₂ emissions figure is equal to the relevant threshold F6 ..., the appropriate percentage for the year is [F7 14%] (“the threshold percentage”).]

(4) If the car's CO₂ emissions figure exceeds the relevant threshold F8 ..., 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 F8 ..., and

(b) [F9 37%.]

(5) The relevant threshold is [F10 95 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

F1 S. 139 substituted (for tax year 2012-13 and subsequent tax years) by Finance Act 2010 (c. 13), s. 59(2)(5)

F2 S. 139(2)(3) substituted (for tax year 2014-15 and subsequent tax years) by Finance Act 2012 (c. 14), s. 17

F3 Words in s. 139(2) omitted (for tax year 2015-16 and subsequent tax years) by virtue of Finance Act 2013 (c. 29), s. 23(2)(12)

F4 S. 139(2)(a)(aa) substituted for s. 139(2)(a) (for tax year 2015-16 and subsequent tax years) by Finance Act 2013 (c. 29), s. 23(3)(12)

F5 Word in s. 139(2)(b) substituted (for tax year 2015-16 and subsequent tax years) by Finance Act 2013 (c. 29), s. 23(4)(12)

F6 Words in s. 139(3) omitted (for the tax year 2015-16 and subsequent tax years) by virtue of Finance Act 2013 (c. 29), s. 23(5)(a)(12)

F7 Word in s. 139(3) substituted (for tax year 2015-16 and subsequent tax years) by Finance Act 2013 (c. 29), s. 23(5)(b)(12)

F8 Words in s. 139(4) omitted (for tax year 2015-16 and subsequent tax years) by virtue of Finance Act 2013 (c. 29), s. 23(6)(a)(12)

F9 Word in s. 139(4)(b) substituted (for tax year 2015-16 and subsequent tax years) by Finance Act 2013 (c. 29), s. 23(6)(b)(12)

F10 Words in s. 139(5) substituted (for tax year 2013-14 and subsequent tax years) by Finance Act 2011 (c. 11), s. 51

Modifications etc. (not altering text)

C1 Ss. 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)