Part 3Employment income: earnings and benefits etc. treated as earnings
Chapter 6Taxable benefits: cars, vans and related benefits
Cars: appropriate percentage: first registered before 1st January 1998
C1142Car first registered before 1st January 1998: the appropriate percentage
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
Cylinder capacity of car in cubic centimetres | Appropriate percentage |
|---|---|
1,400 or less | F423% |
More than 1,400 but not more than 2,000 | F534% |
More than 2,000 | F337% |
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 F237%.
F14
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