142Car first registered before 1st January 1998: the appropriate percentageU.K.
(1)The appropriate percentage for a car first registered before 1st January 1998 is determined under this section.
(2)If the car has an internal combustion engine with one or more reciprocating pistons, the appropriate percentage for the year is—
Table
For this purpose a car’s cylinder capacity is the capacity of its engine as calculated for the purposes of VERA 1994.
(3)If subsection (2) does not apply, the appropriate percentage for the year is [F637%].
F7(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Word in s. 142(2) substituted (with effect in accordance with s. 7(7) of the amending Act) by Finance Act 2015 (c. 11), s. 7(6)(a)
F2Word in s. 142(2) substituted (with effect in accordance with s. 8(7) of the amending Act) by Finance Act 2015 (c. 11), s. 8(6)(a)
F3Word in s. 142(2) substituted (with effect in accordance with s. 7(7) of the amending Act) by Finance Act 2015 (c. 11), s. 7(6)(b)
F4Word in s. 142(2) substituted (with effect in accordance with s. 8(7) of the amending Act) by Finance Act 2015 (c. 11), s. 8(6)(b)
F5Word in s. 142(2) Table substituted (with effect in accordance with s. 24(17) of the amending Act) by Finance Act 2014 (c. 26), s. 24(13)(c)
F6Word in s. 142(3) substituted (with effect in accordance with s. 24(17) of the amending Act) by Finance Act 2014 (c. 26), s. 24(14)
F7S. 142(4) omitted (with effect in accordance with Sch. 28 para. 10(2) of the amending Act and with Finance Act 2010 (c. 13), s. 58(20)) by virtue of Finance Act 2009 (c. 10), Sch. 28 para. 8(b)
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)